Ipswich Borough Council takes ownership of the Lloyds building

Reading Time: < 1 minute

At yesterday’s Executive meeting, the Council adopted its Cornhill Strategy, and revealed that it now owns the prominent Lloyds building. 

The Lloyds building, built in 1889, is Grade II listed and well known for its architectural splendour, adding to the historic character of the Cornhill. It’s leased by Lloyds bank, and the Council hopes that Lloyds will continue to operate here for many years. 

However, with the currently unused space, over 22,000 square feet, the Council intends to work with the bank to ascertain whether that space can be brought back into beneficial use, potentially as a boutique hotel, residential, or office space.

Councillor Neil MacDonald, Ipswich Borough Council Leader says: 

“The Lloyds bank building is a prominent feature on the Cornhill, and I’m pleased that it’s now in Council ownership.

We aim to turn the Cornhill into the beating heart of Ipswich, and this historical building alongside other key listed buildings such as the old Post Office and the Town Hall, will create spaces for socialising, dining, and entertaining. We will ensure that the Lloyds building makes a great contribution to the Cornhill and a town centre which is vibrant, enjoyable, clean, safe, and inclusive for everyone.”