£3.5 BILLION ABP PROPERTY LAUNCHED TO INDUSTRIAL PROPERTY PROFESSIONALS AT THE GHERKIN
December 4, 2017
Image: Jens Nielsen, ABP Commercial Director addresses guests at property launch reception at the Gherkin.
ABP Property, the development arm of Britain’s biggest ports company ABP, was relaunched last week (29th November) as a £3.5bn business, to industrial property professionals with a reception at the Gherkin in London.
Representing a 960 hectare (2,372 acres) land bank, ABP Property welcomed 150 industry representatives, customers and media to the top floor of the skyscraper to celebrate its new approach.
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 offering the advantage of multimodal transport options – road, rail and sea.
Jens Nielsen, ABP 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 tonight is a dynamic organisation with major development capability backed by the financial resources of some of the world’s largest infrastructure investors.”
Huw Turner, ABP 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.”
ABP Property offers a variety of solutions aimed at meeting the needs of individual occupiers. This can range from providing buildings on traditional leases, to design and build, to partnership schemes and the provision of development funding.
ABP is in the midst of a £1 billion, five-year investment programme designed to create world class facilities for customers. At certain sites ABP Property will be investing substantially in infrastructure to enable development to proceed quickly.
ABP’s property division operates an existing investment portfolio amounting to approximately £2bn.