Thursday, October 31, 2024

ABP buys 21 acres to pave the way for Immingham port expansion

ABP has acquired 21 acres of land on the western side of the Port of Immingham in an off-market transaction, forming an important additional step the future expansion of the port estate.

The land, fronting Humber Road and Rosper Road, has a live hybrid outline planning application for up to 300,000 sq. ft of new industrial buildings or 16 acres of industrial open storage uses. The application is expected to be determined by North Lincolnshire Council planners soon.

Andrew Dawes, Director of the Humber ports said: “Acquiring this strategic site on the western side of the Port of Immingham is integral to bolstering our footprint and ensuring the Port – the UK’s largest by tonnage – has room for growth to meet the demands of our customers on the Humber.

“It underpins our commitment to pursuing our ambitious mission to continuing to provide essential gateways to Keep Britain Trading. Immingham is at the heart of the UK’s busiest trading gateway handling around 46 million tonnes of cargo every year.”

Greg Lacey, Head of Property said: “The site’s proximity to both Philips 66 and Prax is important, and we are considering how it could play into much broader energy projects for generation and storage – which is a key part of ABP’s new mission to Enable the Energy Transition, and in this particular case, play our part in helping decarbonise the Humber”.

ABP has a total portfolio of 8,600 acres across the UK, which includes over 2,400 acres of development land. The Humber property team can deliver commercial property solutions for businesses interested in prime industrial and logistics opportunities. ABP welcomed over 150 new occupiers in 2023 bringing a total of 2,000 tenants across the estate.

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