DP World’s London Gateway names Jones Lang LaSalle property agents
DP World’s London Gateway has appointed Jones Lang LaSalle as sole property agents for what will be the largest logistics park development in Europe connected to a new 3.5m TEU deep-sea container port, located just east of London on the north bank of the Thames, DP World said on Thursday.
Jones Lang LaSalle will provide specialist advice in the property sector to support the delivery of the London Gateway logistics park.
Jones Lang LaSalle will provide specialist advice in the property sector to support the delivery of the London Gateway logistics park.
Tim Johnson, Jones Lang LaSalle Director in the National Industrial & Logistics Team said: “London Gateway has the potential to transform logistics operations in the UK by offering a port-centric logistics solution at the heart of the UK’s largest consumer market.
“The logistics park is a unique proposition offering the potential to provide some of the largest and tallest buildings in Europe. There are 15 million consumers located within 80km of the site and this underpins our view that London Gateway is simply the best location for UK supply chain solutions.”
The project has planning consent for a 9.25million square feet, rail connected logistics park, adjacent to the new deep-water port, which is on schedule to open in Q4 2013.
The vast majority of deep-sea imports enter the UK through South East ports yet only 10% of warehousing is in the South East. London Gateway offers significant supply chain savings for global businesses through reduced transport costs created by having warehousing at the port of entry, closer to key UK consumer markets.
London Gateway offers a quicker, more reliable and greener way to transport goods to their destination compared with existing supply chain models. Analysts have estimated 65 million road freight miles every year will be saved, as many goods will no longer need to be transported from deep-sea ports to inland distribution centres.
Instead, goods will flow quickly and easily from London Gateway port to the logistics park before distribution directly to shops and homes.
Andrew Gould, Jones Lang LaSalle UK Chief Executive, said: "This appointment comes after a huge amount of work over recent years with the London Gateway team planning this extraordinary project and we are really pleased to have an international team working in partnership with DP World advising on delivery. It is a world class project and will be a game-changer for the UK economy" Simon Moore, CEO London Gateway said: “Jones Lang LaSalle is the outstanding team chosen to assist DP World in developing Europe’s largest port-centric logistics park. I welcome their international expertise in property development, leasing and financing which will complement our own team”.