UK Portside Logistics Centers Growing, by Logisticsmanager.com
Demand for portside warehouse space is growing throughout Europe. In the United Kingdom — where some 95 percent of international trade is transported by sea — new portside logistics centers are being planned in recognition of the competitive advantages they will offer in a post-Panamax world. A March 20 article on Logisticsmanager.com, “A Port in Any Storm,” by Liza Helps, cites JLL’s November 2013 report, “European seaports: The Growing Logistics Opportunity” and describes some of the new logistics parks being planned at UK ports.
At the newly opened London Gateway port, for example, port owner DP World plans to develop a 9.25 million-square-foot logistics park and already has secured a £200 million (around US$330 million) investment from retailer M&S for a 900,000-square-foot distribution center there. Peel Ports, which is developing Liverpool2, another new deep-water port, is working with JLL and B8 Real Estate to master plan, market and redevelop its 75-acre former Bridgewater paper mill site, on the banks of the Manchester Ship Canal, as a 1 million-square-foot, portcentric, multimodal logistics center. And in northeast England, Able UK is looking to develop the 1,229.5-acre Able Humber Port Logistics Park, which will extend along 4 kilometers (about 2.5 miles) of riverfront and provide some 10.76 million square feet of warehousing space, all near 1,389 meters (about nine-tenths of a mile) of deep water quays, “offering the potential for port-centric logistics operations.”
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