Iliffe Media purchase Cherryholt House in Stamford to secure the future of the Rutland and Stamford Mercury, Trimble Luckins and Fusion 3 Fitness
Iliffe Media has purchased Cherryholt House in Stamford, securing the future of three businesses in the town.
Iliffe Media, which has owned the Rutland and Stamford Mercury since January 2017, completed on the purchase of the building at the bottom of Cherryholt Road last week.
The Mercury’s editorial and advertising team occupies the first floor, while data software company Trimble Luckins is on the ground floor and gym Fusion 3 Fitness is in an adjoining building on the ground floor.
The previous owners of Cherryholt House had applied for planning permission to demolish the office building for residential use. That application was turned down last Summer.
Had that application been approved, Trimble Luckins, which has about 40 staff based in Stamford, would almost certainly have been forced to move out of the town to Peterborough.
The company’s technical director Kevin Gutteridge said:“We have been based in Stamford for the last 50 years and this gives us the chance to secure our future in the town.
“Stamford is very short of office space for medium sized businesses and all our staff live in Stamford or Bourne so we are all delighted.”
Fusion 3 Fitness will celebrate its third anniversary in August and the owners Tim Britton, Andy Thomas and Dan Gilbert, are delighted to be able to celebrate in the same venue.
Currently the gym has more than 400 members and now the owners looks forward to seeing the gym continue “going from strength to strength”.
“We are absolutely delighted,” said Tim.
“We have wanted to expand for some time now and hopefully this will give us the chance to push forward with those plans.”
TheMercury is Britain’s oldest continuously published newspaper and Cherryholt House is also home to the Stamford Mercury Archive Trust, which looks after the newspaper archive.
Secretary of the trust Sarah Critchard said: “It is extremely reassuring to know that the future of the archive is secure and in a nice building with the correct environment to correctly preserve the archive.”
Iliffe Media’s owner Edward Iliffe said: “This investment represents a long-term commitment to Stamford and we’ll continue to welcome customers and advertisers to the Mercury offices.
“I’m also pleased to be able to secure the future ofthe building and the other firms, as well as protect the future of the Mercury