Wilkinson Williams

Press Release

Investment sale of Orwell Retail Park in Ipswich for £16.6 million

Threadneedle Property Funds have sold the Orwell Retail Park in Ipswich in two separate tranches for a total of £16.60 million. The former vacant Courts, Focus and Pets at Home units, comprising some 73,990 sq ft have been acquired by furniture retailers; Glasswells for £9.1 million. A Gala Bingo unit, together with a retail warehouse unit which has been vacant for some 20 years, together with a car showroom with an aggregate area of 77,335 sq ft, were simultaneously acquired by Ipswich based investors and developers; Braceforce Group, for £7.5 million.

Bidwells acted for Glasswells and Gilbert Bath advised Braceforce Group. Threadneedle were advised by Wilkinson Williams.