Business, Freight News, Logistics, Sea

Forth Ports signs Tilbury logistics park deal

[ January 8, 2013   //   ]

Forth Ports has signed a deal with Roxhill Developments for a new joint venture to build the London Distribution Park (LDP) at its Port of Tilbury, near London. The specialist industrial development company has bought a 50% share in the development scheme from Forth Ports, and the two companies will work closely together to deliver the 70 acre development scheme just outside the port gates and less than 7 miles of dual carriageway from the M25. The Park has outline planning permission for up to 940,000 square feet of B1, B2 and  B8 employment space – mainly warehousing plus general industrial and office space.

Infrastructure construction starts in early 2013 with buildings – on either a pre-let or pre-sale turnkey basis could be occupied by the end of that year.

The schemes proponents say that it will allow enhanced port centric operations, limiting the need for secondary inland warehousing and reducing carbon emissions, with rail, shiiping and barge services all available from Tilbury.

Forth Ports says the venture is the next phase in its expansion,following the £120m investment and upgrading of London Container Terminal in 2012.

Roxhill’s managing director, Jason Dalby, said the location “will appeal to occupiers who require sizeable buildings in an M25 location” coupled with the port’s multimodal opportunities.