Ports giant re-launches development arm as £3.5 billion business
INVESTMENT AND INVESTORES: Imm-Port land acquired by Associated British Ports, and bottom, Jens Nielsen launches The Gherkin event in London.
By Grimsby Telegraph | Posted: 21 Dec 2017
ABP Property, the development arm of the Humber ports giant, has been relaunched as a £3.5 billion business.
A reception at The Gherkin in London saw it unveiled, with more than 150 industry representatives and customers hearing how it represents a 960 hectare land bank, after they were welcomed to the City skyscraper’s top floor.
Jens Nielsen, ABP’s commercial director, said: “ABP has always been a property developer. Land and the provision of world class infrastructure sits at the heart of everything we do.
“The rejuvenated business we are launching is a dynamic organisation with major development capability backed by the financial resources of some of the world’s largest infrastructure investors.”
The past year has seen the company significantly expand its footprint at Immingham, where Mr Nielson used to head up DFDS from, as well as Grimsby, as part of a nationwide
£1 billion, five-year investment programme designed to create world class facilities for customers.
Immingham saw a 50 acre greenfield site addition close to the eastern entrance, in a deal with historic landowners Brocklesby Estate.
Named Imm-Port, and bordered by Kings Road, Queens Road and the A1173 which provides an immediate link to the A180, potential for warehouse and industrial units capable of accommodating about 1,500 employees has been eyed up. The site already part of the Humber Enterprise Zone, offering significant incentives for occupiers.
In Grimsby, ABP has bought a large portion of the former Huntsman Tioxide site to create additional car storage for the thriving automotive trade it has built.
Huw Turner, ABP’s group head of property, said: “Our 21 ports serving key shipping, land and rail routes provide great opportunities to develop and utilise available land which offers accommodation solutions for the manufacture and distribution of goods locally, nationally and globally.
“Whether our customers’ business is port-related or not, the size of our estate will enable clients to grow and expand while remaining in the same location. At the same time, occupiers will have the opportunity to expand their reach with the creation of additional buildings across other port locations where land is available for development. We provide a full one-stop service: from the start to completion of a project and beyond as we create a development partnership with our clients. ABP Property has the land, development expertise and financial resources for the delivery of new accommodation from specification to construction.”
He said that ABP Property will offer a variety of solutions aimed at meeting the needs of individual occupiers, ranging from providing buildings on traditional leases, to design and build, to partnership schemes and the provision of development funding.
At certain sites, the gathering heard, ABP Property will be investing substantially in infrastructure to enable development to proceed quickly.