DP World has announced that work has begun on a new speculative 119,000 square feet green warehouse at London Gateway’s port-centric Logistics Park.
The Dubai-based company has witnessed record volume of cargo at its two UK logistics hubs at London Gateway and Southampton in the first half of the year.
In response to increasing customer demand, DP World is fast-tracking the warehouse for completion in Q3 2023.
READ: DP World UK announces record 2021 volumes
“At London Gateway, we have the space, infrastructure and vision to support customers as they grow, with the new speculative LG119 likely to be of interest to any growing business looking to expand or establish new operations,” said Oliver Treneman, Park Development Director at DP World in the UK.
“Our partnership approach, logistics expertise, digital solutions and intermodal connectivity help us to solve logistical challenges and give our customers more control over their supply chains.”
Between January and June, London Gateway saw a throughput of 1,013,000 TEU, a 10 per cent increase on the previous best half-yearly performance set in the second half of 2021.
This performance contributed to a record volume of cargo for DP World’s ports in the UK, with a combined total of 1,937,000 TEU when factoring in throughput at Southampton.
“At the size of 400 football pitches, our rapidly expanding Logistics Park is the biggest of its kind in Europe and will become home to a workforce of around 12,000 within the next seven years,” added Treneman.
“The site’s outstanding road links, access to an adjacent rail terminal and proximity to both London and a deep-water port will cut transport costs for customers.”
DP World said the new facility will be one of its most sustainable warehouses yet built, featuring a BREEAM ‘Outstanding’ classification, with a target to deliver a 30 per cent carbon reduction during construction and a 40 per cent reduction in operational carbon emissions.
Last month, the company announced strong financial results for the first six months of 2022, although the economic outlook remains uncertain due to supply chain disruption.
Total revenue for the first half of the year came at $7.93 billion for a growth of 60.4 per cent year-on-year.