Development work is pushing ahead at the 70 acre London Distribution Park at Tilbury following a joint venture deal between Forth Ports and property developer Roxhill.
Roxhill has bought a 50 per cent share in the scheme from Forth Ports which owns the Port of Tilbury. The 70 acre site has planning permission for up to 940,000 sq ft of warehouse and general industrial space.
The site is just a few miles from DP World’s London Gateway development where 9.25m sq ft of warehouse space is being developed alongside a new container port.
Infrastructure work at Tilbury will start at the site early this year, allowing buildings to be commenced immediately on either a pre-let or pre-sale turnkey basis, with occupation possible by the end of the year.
This joint venture is Forth Port’s next phase in driving the expansion and growth of the Port of Tilbury, following the £120m investment and upgrading of Tilbury’s London Container Terminal last year.
Charles Hammond, chief executive officer at Forth Ports, said: “LDP will complement the port’s successful distribution capability, and further develop our portcentric strategy, making the Tilbury port London’s leading distribution hub and securing its long term prosperity.”
Jason Dalby, managing director at Roxhill Developments, said: “We are very pleased to be working with Forth Ports to bring forward the delivery of this scheme. London Distribution Park is a key logistics scheme for the south east of England. The location will appeal to occupiers who require sizeable buildings in an M25 location, while the multimodal opportunities at the neighbouring port can provide significant benefits to companies needing those facilities.”