The current building, Mutual House, is a Grade II listed building built in 1901. The upstairs space is largely underused and impractical for members and staff.
The move will allow the Society to find another location to focus on what its customers want the most – a space where they can meet with staff face-to-face to discuss their savings and get access to their cash.
Therefore, during the latter half of 2024, the property will be marketed for sale.
Easily accessible
Committed to maintaining its presence in the town centre and around the county, the Society has several criteria for its central Ipswich branch, including ensuring it is easily accessible in terms of both location and the premises itself. It pledges to offer the same levels of service.
Richard Norrington, Chief Executive at Suffolk Building Society said: “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.
Best of both worlds
“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.
“Our business model combines the best of both worlds – the convenience of modern technologies, such as our new online savings platform, with traditional branches for those who value face-to-face customer service.
“We will keep our members and other interested parties informed of our new Ipswich town centre plans as they develop.”
