DP World London Gateway has appointed property agency Glenny alongside incumbent agent Savills to market up to six million ft2 of warehousing space at its Logistics Park in Thurrock, Essex.
Now a government designated freeport, DP World London Gateway also guarantees a range of occupier benefits and ESG savings, including no business rates for the next five years, a reduction in national insurance contributions on any staff employed, and generous capital allowances on plant and machinery.
DP World London Gateway is now fast-tracking the development of premium warehousing space at its Logistics Park to accommodate a growing demand for online goods. This includes LG146, a new warehouse comprising 146,000 ft2, and outline planning consent for an additional six million ft2 with the option to provide a single building of up to 1.5 million ft2 with 38 metre eaves.
Jim O’Connell, Divisional Partner at Glenny, added: “In a world experiencing exponential e-commerce growth, port-centric logistics makes sense from a financial, efficiency and carbon reduction point of view. Now DP World London Gateway forms part of the Thames Freeport, there are even greater incentives with substantial tax benefits and customs facilitation, which together make it an extremely attractive location for a wide range of occupiers.”
The Logistics Park is next to DP World London Gateway Port and Rail Terminal and is just 10 miles from the M25 (J30) and 30 miles from Central London. Flexible lease terms are available, and a Local Development Order is in place to determine planning applications within 28 days.
