Unprecedented demand for space has led to the recent announcement that DP World will fast-track the delivery of a speculative 119,000 sq ft green warehouse at its Logistics Park.
DP World plans to complete its second speculative warehouse facility in less than a year at London Gateway - a central pillar of Thames Freeport. With international trade changing fast during the pandemic, a growing number of businesses are taking advantage of the financial incentives which come with being part of a freeport, including zero stamp duty on leases, significant savings on employer national insurance contributions, accelerated capital allowances and a five year business rates holiday.
At the size of 400 football pitches, the rapidly expanding port-centric logistics park is the biggest of its kind in Europe and will become home to a workforce of around 10,000 within the next seven years.
The new facility will be ready for occupation at the end of Q3. It will be one of the most sustainable warehouses yet built, with a BREEAM ‘Outstanding’ classification, delivering a 30 per cent carbon reduction during construction and 40 per cent reduction in operational carbon emissions
