Archant plans move out of Norwich headquarters after 50 years

Archant is looking to move out of its headquarters in Norwich where it has been based for almost 50 years, the regional publisher has announced.

According to a memo to staff, seen by Press Gazette, the Prospect House building is said to be “starting to show its age” and is now “too big” for company’s needs.

More than 500 staff are based at the site in Norfolk, which previously housed its printing presses before the opening of the group’s Thorpe Print Centre outside the city in 1996.

This year alone Archant has announced a number of redundancies and title closures, as well as the sale of its local TV station.

Archant chief executive Jeff Henry told staff: “The building is starting to show its age and has become too big for our current needs.

“Maintenance costs are increasing and the heating, air conditioning and windows all need replaced.

“The last major refurbishment was carried out ten years ago at which time we expected to be able to extend the building’s useful life for seven years.”

He said the company was starting a “review process to consider our future space needs in Norwich” with a recommendation for a new headquarters expected in late Spring 2018.

Henry said Archant had a “strong preference” to remain “in the centre of Norwich” and that it was likely the regional publisher would remain in Prospect House until “at least 2019”.

Prospect House is home to Archant’s flagship regional daily newspaper the Eastern Daily Press.

It is also the base of local TV station Mustard TV, which Archant said last month it was planning to sell on after it had failed to make a profit with redundancies to follow as a result.

Archant’s interim financial results for the first half of 2017 saw it declare profits down 46 per cent year-on-year.

The group said it had cut almost 100 staff (a 7 per cent drop) since the start of the year to more than 1,250 full-time equivalent employees.

Picture: Google Maps

Comments

7 thoughts on “Archant plans move out of Norwich headquarters after 50 years”

  1. Incredible to think that they have resorted to selling the remaining assets in an attempt to recover devastating losses showing how far Archant have slipped as a result of years of bad management and short term cost savings especially in 2017, the year CEO Jeff Henry boasted that Archant would be the best media company in the country, my how misinformed he was, perhaps he would care to tell PG and the staff how he could get it so so wrong ?
    Probably by listening to the yes men around him who told him what he wanted to hear,then believing it ,standing up in front of over 100 nodding managers and proclaiming to all the laughingly bad boast which has now left him with egg on his face and the company looking to offload its Norwich centre head office.
    Having lost the readers,advertising markets, staff and what credibility remained via a series of calamitous disasters during his tenure it’s surely time to go and before the shareholders, who have been very frustrated yet very patient,up until now,vote with their feet and demand action at the highest level.

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