DP World will fast-track the delivery of a speculative 119,000 sq ft green warehouse at London Gateway’s Logistics Park to meet “unprecedented” demand for space at the freeport site, the company said this week.
This is DP World’s second speculative warehouse facility in less than a year to be developed at London Gateway, which is part of Thames Freeport.
The new facility will be ready for occupation at the end of the third quarter this year.
DP World said this week the facility will be “one of the most sustainable warehouses yet built”, with a BREEAM ‘Outstanding’ classification, delivering a 30% carbon reduction during construction and 40% reduction in operational carbon emissions.
London Gateway’s Logistics Park, which is the size of 400 football pitches, is expected to provide 10,000 jobs within the next seven years.
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The company said that following Brexit and the Covid-19 pandemic, interest is growing in the financial incentives which come with being part of a freeport, which include zero stamp duty on leases, “significant” savings on employer national insurance contributions, accelerated capital allowances and a five-year business rates holiday.
Oliver Treneman, park development director at DP World UK, said: “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 reached unprecedented levels.
“We are very confident that LG119 (Plot 4040), the facility we are announcing today, will be of interest to some of the dozens of retail, manufacturing and logistics businesses looking to expand or establish new operations who have contacted us to take advantage of the unique opportunities on offer since our freeport status was announced.”
He added: “At London Gateway, we have the space, infrastructure and vision to support customers as they grow. Our partnership approach, logistics expertise, digital solutions and intermodal connectivity, particularly rail, help us to solve logistical challenges and give our customers more control over their supply chains.”
