Opportunities ahoy: ABP's Immingham expansion brings forward major investments
DEAL DONE: ABP has bought a 50-acre site at the eastern entrance to Port of Immingham.
By Grimsby Telegraph | Posted: 24 Oct 2017
PORT giant ABP has expanded the footprint of the jewel in its crown, Immingham, buying a 50 acre greenfield site close to the eastern entrance.
Warehouse and industrial units capable of accommodating about 1,500 employees are now to be built on what has been named Imm-Port, having completed on a deal with Brocklesby Estate, historic owners of the land.
It is bordered by Kings Road, Queens Road and the A1173 which links Immingham to the A180, book-ended by two small-scale power generating peaking-plants that have been recently added.
Planning permission for light industrial, general industrial and warehouse and distribution has also been secured, with preparation works including a road and services completed by the previous owner with financial assistance from Humber Local Enterprise Partnership.
The site is part of the Humber Enterprise Zone, offering business rates relief and discounts for qualifying businesses.
David Morriss, head of property for ABP Humber, said: “The acquisition of this site further promotes ABP’s desire to continually develop the land around the existing port estate. We strive to support local enterprises and want to work collaboratively to bring new business to our region in order to further our economic development.”
The initial intention from Brocklesby was to develop out the site on a piecemeal basis, however, a sale was then agreed upon the entire area, having been brought to market in February last year.
No tenants are lined up at present, with approaches for port-related use welcome, according to ABP.
ENTRANCE: The recently completed service works opposite the Knauf plasterboard manufacturing facility. Picture: Google Maps.
The sale of the site was handled by PPH Commercial. The company has also been appointed as agents for the sale or lease of the 10 units, which will total 900,000 sq ft and range in size from 20,000 sq ft to 475,000 sq ft. ABP will also consider plot disposals.
Duncan Willey, divisional director of PPH Commercial, said: “This is the largest site to be sold in the area this year. It’s a strategic site, located close to the UK’s largest port with good road access to the A180 and M180. It will help to meet the pent up demand for industrial units, possibly office accommodation and haulage-related uses in the area.
“The throughput to the port is increasing all the time but there is currently a lack of quality accommodation off the port estate, which will prejudice indigenous growth and inward investment if such accommodation is not made available for occupiers.
“Construction work on the units is due to begin early next year and although they will mainly provide accommodation for port-related users, there will also be availability for warehouse, distribution, service and manufacturing industries,” he added.
Immingham is the largest port in the UK by tonnage, and there is an increased focus on its importance in strategic plans to increase freight entry to the north, easing congestion in the south. It was recently the focus of a special showcase in the capital as part of London International Shipping Week.
It comes just weeks after ABP expanded in Grimsby too, taking a large part of the former Tioxide site to boost car handling capability.
Lord Haskins, chair of Humber LEP said: “The Humber LEP is delighted to support this investment announcement at Immingham Port. The Humber LEP’s Business Loan Fund was instrumental in facilitating the initial developments to this site that have opened up the land for industrial use. The purpose of the investment was to make the site suitable for further investment so we are thrilled that this has come to fruition.
“As a promoter of the Humber Enterprise Zone we are sure once the build phase is completed, the incentives provided by Enterprise Zone status will allow Immingham Port to attract new business to the area and contribute greatly to driving growth of the Humber Economy for the benefit of our communities.”