Ipswich Redevelopment Progress
23rd September 2016
Drum Property Group and Capital & Regional have updated the progress made on their £35 million redevelopment of The Buttermarket Centre in Ipswich.
The new retail and leisure offer highlighted the investment into Ipswich town centre since Drum Property Group and Capital & Regional acquired The Buttermarket in March 2015. The work on the project, which started last year, has already seen international brands including TK Maxx and New Look move to new units in the centre.
The 250,000 sq ft scheme has now been repositioned as a leisure and retail venue at the heart of Ipswich, featuring a new 12-screen cinema, which lies at the heart of the redeveloped centre and is due to open by Christmas, as well as a new 20,000 sq ft gym opening this September, which will be operated by Pure Gym. Wagamama and Byron Burger are set to open into the scheme in early autumn, adding to the nine new restaurants, among them Prezzo, Coast to Coast and Cosy Club, which opened for business this summer.
Refurbishment works have also included the completion of the St Stephens lane entrance, which has been modernised to open up the entrance and make way for the wave of new units on the plaza area.
Graeme Bone, Group Managing Director at Drum said:
“The Buttermarket Centre has been expanded, modernised and repositioned as a first class retail and leisure venue for both local residents and visitors to Ipswich. We look forward to completing this transformative redevelopment project over the coming months.”