Key Ipswich landmark set for a transformation after being bought by council
A successful purchase was made
Last updated 4th Sep 2026
A key Ipswich landmark is set for a transformation as the old Debenhams building on the Cornhill has been snapped up by the Council
It’s hoped the deal will end years of vacancy and kickstart more regeneration in the heart of the town
Work will now begin on finding a developer to bring the site back to life,
Jack Abbott MP, Member of Parliament for Ipswich, said:
"The acquisition of Waterloo House is another important step in the wider regeneration and investment programme of Ipswich's town centre. It sits in a pivotal location, but this empty building has left a scar on our high street for half a decade and I know how desperately local residents want it to be given a new lease of life.
"With that in mind, I am delighted Ipswich Borough Council are using Government funding to take ownership of the building as a flagship project for the town centre's regeneration.
"I am clear that the aim cannot simply be to replace an empty building - we must create a vibrant, sustainable and attractive destination in the heart of our town that supports the future growth and prosperity of Ipswich."
The acquisition has been funded through the Government’s Local Regeneration Fund (formerly the Towns Fund).