Article: United Kingdom : Waterfront development delayed.

Byline: pinto03

WORK on a major new USD 50 m ([pounds sterling]25million) development linking Ipswich Waterfront with the town centre has been delayed due to the economic downturn. Work on Custom House Square, which is to be built on the headquarters of former animal feed firm BOCM Pauls, opposite the Old Custom House, was due to get under way in the autumn. Construction has yet to begin and Alistair Grills, agent for developers ESHA homes, said a start date is likely to depend on when the housing market picks up again. Mr Grills said the fact the development includes 214 flats makes the Custom House Square scheme susceptible to market forces. I suspect the ...

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