John Grose Group acquire Ransome Europark site
Terms were agreed in October on behalf of Commercial Estates Group for the sale of the site of the former Ransomes offices and the ex Cinram factory building on the junction of Central Avenue and Ransomes Way to John Grose Group Ltd. The overall site extends to 12.5 acres and the factory provides a total of about 83,000 sq ft.
Contracts for the sale of the site were exchanged within only 3 weeks and the letting of the former factory, to the logistics company Marexport was put in place shortly afterwards, completing just before Christmas.
Alistair Mitchell, Partner of Fenn Wrights Ipswich office commented “the sale of the site to John Grose Group reinforces the company’s ongoing commitment to the Ipswich area. There are very few warehouse buildings currently available and the immediate letting of the former factory building to Marexport demonstrates the strong level of pent up demand present in the current market.’ Reader Commercial were joint agents.