Suffolk Building Society announces Ipswich relocation plans – as Mutual House, in Princes Street, to be sold

Suffolk Building Society has announced it is seeking a new home in Ipswich town centre.

The firm said today that it would be seeking to sell the grade II-listed Mutual House, in Princes Street, where it is currently based, during the second half of this year as part of relocation plans.

The building, which dates to 1901, has a large upstairs space which is underused by the building society and is impractical for members and staff.

Chief executive Richard Norrington said moving to a new location would allow it a space where staff and members can meet face-to-face to discuss financial matters.

He added: “Mutual House has been a good location for the Society for many years, but we feel a new owner could make better use of the entire building.

“Our members and the public will see the ‘for sale’ sign outside the building in the near future, and we want to reassure them that we are very much committed to new premises in the town centre.”

Suffolk Building Society has pledged that its new home would allow for the same level of service, while also being accessible.