ABP, the UK’s leading port operator, has announced the launch of its transformed property arm as a £3.5 bn (€4 bn) development and investment business with a 960 hectare (2,372 acres) land bank.
ABP Property owns sites in and around 21 major UK ports capable of creating as much as 30 million sq ft of accommodation for new logistics, assembly, manufacturing and other business operations. The sites already provide 1.4 million m2 of covered storage.
To deliver this range of development opportunities, ABP has assembled a specialist team headed by Huw Turner and claims it is ready to offer a variety of solutions including partnership schemes and the provision of development funding.
The company is currently in the midst of a £1 bn, five-year investment programme designed to create world class facilities for customers.
'ABP Property comprises a genuinely-significant land bank and we have put together an experienced team to ensure investors, occupiers and agents can fully-capitalise on the opportunities that this space offers,' commented ABP's commercial director Jens Nielsen.
Huw Turner, ABP Group Head of Property, added: '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.'
