After more than a year searching for a national agent to act on its 8,600-acre commercial property portfolio, Associated British Ports has selected JLL.
The port operator is one of the UK’s largest commercial landowners and last year announced a new property strategy through which it seeks to maximise revenues as a landlord to the commercial sector, with a plan to appoint one national agent who would be complemented by a number of regional specialists at local level.
JLL will be tasked with promoting ports as strategically important for their connectivity and sustainability and will bring to market assets across industrial, warehousing, open storage and development land.
ABP chief executive Henrik Pedersen said: “Our ports are at the epicentre of building a greener tomorrow, providing businesses with access to multimodal distribution links, urban skills centres and the ability to plug into a vibrant community of like-minded industry partners, committed to clean growth, decarbonisation and energy generation.”
ABP operates 21 ports across England, Scotland and Wales. In addition to its 8,600-acre commercial portfolio, ABP has a further 2,400 acres of development land.
Locations include the 227-acre development site known as Stallingborough Interchange at the Port of Immingham (pictured); 120 acres of development land and 200,000 sq ft of shed space at the Port of Newport; as well as regeneration opportunities at Marchwood Industrial Park in the Port of Southampton.
JLL head of industrial and logistics Melinda Cross said: “This partnership with ABP represents a significant opportunity to bring cutting-edge industrial and logistics spaces to the market.
“JLL’s extensive network and understanding of occupier needs will help showcase ABP’s diverse portfolio, which offers businesses resilient, future-proof locations and emerging clean energy hubs. This collaboration aligns with our commitment to driving sustainable growth and supporting the evolving needs of modern supply chains.”
Image from Associated British Ports
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