The start of construction on a 316,000 sq ft spec warehouse at DP World’s London Gateway Logistics Park has been marked by a ground-breaking ceremony.
The building is a joint venture between DP World and Prologis. The 15-metre high unit will have a 55 metre yard and space for expansion. It is scheduled to be ready for occupation by the third quarter of 2015.
Jamal Majid Bin Thaniah, non-executive director and vice chairman for DP World, said: “Marking the start of work on our joint venture with Prologis is an important milestone for DP World and I am pleased to see this new development at London Gateway Logistics Park.”
Mohammed Sharaf, DP World group chief executive, said: “We were delighted to welcome the global chief executive of Prologis to break ground, which is a significant step in creating more efficient supply chains for the UK.”
Hamid Moghadam, Prologis chairman and CEO, said: “Demand has been strong in this market and this property, which is next to the first deep-water port built in the U.K. for over a generation, will cater to customers who want efficient, state-of-the-art distribution facilities.”