Hillwood has successfully let Unit 6A at Access @ Eastern Gateway in Ipswich, Suffolk, comprising 1,198 sq m (12,897 sq ft) of high-specification industrial space, to TPS - a trade-only supplier of genuine Volkswagen Group parts and products in Suffolk.
TPS have taken immediate occupation, following the speculative scheme’s completion in 2024.
Penn Commercial, Lambert Smith Hampton and Savills act as retained leasing agents for Hillwood.
Two further units are formally under offer to occupiers, leaving one remaining unit, comprising 4,877 sq m (52,491 sq ft), available for immediate occupation.
The total scheme provides 14,937 sq m (160,782 sq ft) of new build accommodation for Ipswich which has been built to the highest specification, including having achieved BREEAM 'Excellent' certification and EPC 'A'.
The fully speculative multi-unit development is located on Ipswich’s premier commercial park and was acquired by Trebor and Hillwood from Ipswich Borough Council.
Councillor Neil MacDonald, Ipswich Borough Council Leader, said:
"It’s fantastic to see another building at Eastern Gateway now occupied, bringing even more life and opportunity to the area. This development continues to attract businesses that boost our local economy, create jobs, and make a real difference to the community.
"From the original vision - when Ipswich Borough Council acquired this derelict site in 2014 - to this latest milestone, Eastern Gateway is proving to be a great success story for Ipswich, transforming a brownfield site into a hub of employment and growth.
"With strong interest in the remaining land, I’m confident this site will continue to deliver real benefits for our town.”
Vanessa Penn, Managing Director of Penn Commercial, commented:
“We are thrilled that TPS Ipswich are occupying Unit 6A on a 15-year lease. This represents a significant investment on the part of TPS Ipswich, who will be relocating their business from their existing smaller unit on Farthing Road nearby.
"It is testament to their confidence in the future of the strategic Access @ Eastern Gateway scheme, and we wish them every success in their brand-new, upgraded premises.”
Photo Caption: Penn Commercial's Rachael Jackson presents Malcolm Park, TPS Centre Manager at TPS Ipswich, with the keys to Unit 6A at Access @ Eastern Gateway on 17th July 2025. [CREDIT: Penn Commercial].
For further information on Penn Commercial, visit the website at www.penncommercial.co.uk
To find out more about Hillwood and Access @ Eastern Gateway, visit the websites https://www.hillwoodinvestmentproperties.com/en-gb/about and https://accesseasterngateway.co.uk/ respectively.
ENDS
Notes to Editors:
Penn Commercial was established by Vanessa Penn in 2007 and celebrated its 15th anniversary in 2022. The agency provides a personal and dedicated service, with over 80 years’ combined property experience in East Anglia.
Reinforced by unrivalled local knowledge across all commercial property sectors, including retail, business space, logistics, warehousing, industrial, land, investment and development, Penn Commercial acts for a range of private and public sector clients.
The Penn team is based at Fox’s Marina in Ipswich.
For any enquiries, please contact:
Penn Commercial
Rachael Jackson / Tel: 01473 211933 / 07471 083167 / This email address is being protected from spambots. You need JavaScript enabled to view it.
Hillwood
This email address is being protected from spambots. You need JavaScript enabled to view it.
Beech House, Lydiate Business Park, Lydiate Ash, Bromsgrove, B61 0QL
Tel: 0121 312 1242