DP World reports soaring demand as London Gateway lands second major tenant

London City Bond has become the second major business in three months to sign a deal to locate to DP World’s logistics park London Gateway which is part of Thames Freeport.

Tax warehousing company London City Bond, which specialises in storage for blue chip drinks companies, will take the 146,000 sq ft green warehouse on a long-term lease from March.

The deal follows one signed in October with Oasis Group, which provides information management services and document storage. The long-term lease sees Oasis Group take on a 108,973 sq ft warehouse on the logistics park which DP World says is the size of 400 football pitches in total.

Oliver Treneman, DP World UK park development director, said: “We are delighted to welcome the latest tenant to our port-centric logistics park at London Gateway, where we have seen the best year for new business in a decade as demand for premium warehousing space in the South East of England has soared. By establishing a bonded warehouse on the park, London City Bond further consolidates our position as the premier destination for imported wines from the New World.

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“With international trade changing fast as we emerge from the pandemic, DP World - the leading provider of smart logistics solutions - has the space, infrastructure and vision to support our customers at London Gateway as they grow. Our partnership approach, logistics expertise, digital solutions and inter-modal connectivity, particularly rail, help us to solve logistical challenges and give our customers more control over their supply chains.”

Alf Allington, MD at London City Bond, added: “We are delighted to have secured the opportunity to work in partnership with DP World to secure our latest warehouse within London Gateway – our sixteenth site to date.

“The current shortage of quality warehousing is well documented, and it is therefore even more exciting to have secured this new unit within the freeport as we know from our past experience just what additional benefits this can bring to us as a tenant, whilst at the same time allowing us to offer bespoke port-centric solutions to our customers.

“We are particularly pleased with the way DP World have managed the build and are on track to hand this over to us on time. We very much look forward to a long and rewarding partnership with them.”