Tuesday 19th February 2019
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Penn Commercial

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Penn CommercialSince launching in Ipswich 10 years ago, Penn Commercial has grown to become one of the most influential and most respected commercial property agents in the east of England.

Regularly scooping industry accolades and winning plaudits from clients, it continues to expand and has recently appointed two further staff members.

Vanessa Penn, who heads up the team of negotiators, property managers, consultants and administrators, says the local market is very vibrant.

Penn Commercial has recently overseen several major deals: the letting of 120,000 sq ft in Norwich to a global e-commerce operator as a distribution centre, the sale of nearly £6 million worth of property on behalf of Cripps Commercial and the sale of Orwell Crossing.

It has also helped turn around the fortunes of a failing business park at Nacton. Now renamed Three Rivers, it has just received planning permission for the construction of further B1 units.

Alongside have been dozens of smaller deals – lettings of shops, office accommodation, warehouses, industrial units etc.

Vanessa PennVanessa (photo, right) said: “There’s unfulfilled demand for property across all sectors locally. Mixed use development is proving particularly popular both in and out of towns. There’s a real demand for good quality offices, coffee shops, restaurants, gyms and health clubs, hotels and roadside shops, particularly alongside major routes.

“In the office sector, for instance, Priory House in Ipswich was sold within just months. It’s a five storey building in the commercial quarter, offering more than 22,000 sq ft.”

The impact of Felixstowe on the local area is tangible, she believes. Warehouses and industrial units, from between 1,000 and 100,000 sq ft, are almost immediately snapped up when they come onto the market.

“Economic conditions have delayed speculative building, but the situation is changing. We expect to see building begin on major sites in Ipswich such as Harris Business Park and what was the sugar beet factory site, now renamed Sproughton Business Park. A master plan has now been completed for employment use there,” Vanessa added.

Development is also likely to begin soon at the 57 acre Suffolk Business Park in Bury St Edmunds. It will be ready for occupation in 2018.

Penn Commercial provides its clients with an all encompassing service, one that includes rent reviews, valuations, surveys and property management.

“Property management is a fast growing part of our business. We have several million pounds worth of property in our care.

“Maintaining buildings and sites, taking care of concerns and dealing with problems promptly and efficiently is key to the success of any commercial property letting. Landlords, particularly those who operate from a distance increasingly recognise what we can offer,” she said.

“We have a finger on the pulse of what is going on locally. We know where the demand is and how to market property proactively and effectively.

“It’s led to us having dozens of clients, many of whom have been loyal to us throughout our first decade, while others have come to us through personal recommendation.”

For further information please contact:

Vanessa Penn, Penn Commercial, Suite C, Orwell House, Fox’s Marina, The Strand, Ipswich IP2 8NJ. Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Tel: 01473 211933.