Independently owned Chartered Surveyors, estate agents and commercial property experts, Fenn Wright, have secured a letting of the former Co-op distribution centre at Boss Hall, in Ipswich.
The letting of the Boss Hall Distribution Centre was negotiated by Alistair Mitchell on behalf of East of England Co-operative Society. Online retailer, MonuMart Ltd, which trades as Yaheetech, is a former tenant of the Co-operative Society, having previously occupied another unit on the estate. Due to expansion they relocated to the former Billingtons Sugar building, Europa House, three years ago as tenants of Ipswich Borough Assets. However, further growth for this successful firm now means they have taken a 15 year lease at the former Distribution centre at Boss Hall Business Park, which will be in addition to their current premises. The warehouse extends to 127,600 sq ft and will now be fully reclad before the business moves into the premises later this year.
Alistair Mitchell, Partner at Fenn Wright, comments: “We are delighted to have been able to assist with this letting on behalf of the Co-operative Society. It will be good to see the building refurbished and brought back into use and we wish Colin Louch and the rest of the MonuMart team every success with the continued growth of their business.”
Nick Denny, Joint Chief Executive for the East of England Co-op, said: “With Boss Hall having been a part of our co-op for more than 130 years, we’re excited to see one of our tenants growing and expanding their business, creating new jobs in the area and securing the future of this iconic site. We wish Colin and the team all the very best.”
Colin Louch, Managing Director of MonuMart Ltd., comments: “We are delighted to have secured the Distribution centre on a long-term lease, to be known in future as ‘The Yaheetech Building’. Having previously been tenants of the EoEC on the Boss Hall estate, it is a dream come true to be taking charge of the anchor unit. Our ranges of Office furniture, Home gym equipment and Pet products are leaders in their sectors online and we look forward to being able to offer additional local employment when the building reopens later this year.”
