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      What we do/ Our Projects/ Ipswich Borough Assets

      The acquisition of high-profile retail spaces in East Anglia

      Anglia Retail Park.JPG

      Location
      Multiple locations across Suffolk

      Start/End Date
      Ongoing

      Client
      Ipswich Borough Council

      Related pages

      As part of its significant portfolio, the asset arm of Ipswich Borough Council was looking acquire commercial and residential properties across the region.

      We assisted the client with five projects that included several high-profile acquisitions of retail parks, stores and restaurants in East Anglia. When the client had finalised its shortlist of potential sites, we undertook an acquisition survey of the portfolio, advised on the condition of the buildings and reported any dilapidation issues. The culmination of our work was presented to the client as comprehensive surveys with an advisement on the potential liability on the properties. 

      A complicated acquisition process, we closely collaborated with the client's solicitors to manage the process. When the purchase was secured, we then offered advice on the tenant leases and project managed the comprehensive refurbishment of the properties. 

      IBA is one of our longstanding clients and we used our knowledge of the local market to assist in this multi-million-pound deal. As a result of our technical due diligence, the client's asset portfolio has grown considerably in the past decade.

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