Monday, January 31, 2022

Another Success for Thames Side Port and Logistics Park

One More Big Name Signs Up to Freeport
Shipping News Feature

UK – There was a time when to anyone connected with freight in the UK the initialism LGW would stand for London's Gatwick Airport. The success of DP World's Thames side deep water port and logistics park, London Gateway, has changed that perception for many, and the success of the venture seems to be maintaining pace with the latest news.

Now, as one of the major players in the new Freeport status granted to the area, London Gateway has signed up London City Bond, which today becomes the second leading business in three months to take advantage of the financial benefits offered by the new status.

DP World says the taking of the new lease shows the extraordinary demand for space at London Gateway, where the speculative 146,000 square foot green warehouse was fast-tracked for delivery and the Freeport Customs status is a natural fit for London City Bond (the clue is in the name).

The company has long been seen as a major force in the business of tax warehousing and specialises in bonded and free circulation storage for a host of renowned drinks trade customers. Oliver Treneman, Park Development Director at DP World in the UK, said:

“We are delighted to welcome the latest tenant to our port-centric logistics park at London Gateway, where we have seen the best year for new business in a decade as demand for premium warehousing space in the South East of England has soared. By establishing a bonded warehouse on the park, London City Bond further consolidates our position as the premier destination for imported wines from the New World.

“With international trade changing fast as we emerge from the pandemic, DP World has the space, infrastructure and vision to support our customers at London Gateway as they grow. Our partnership approach, logistics expertise, digital solutions and inter-modal connectivity, particularly rail, help us to solve logistical challenges and give our customers more control over their supply chains.”

The news marks the latest in a series of major steps forward for London Gateway. DHL, one of the world’s leading contract logistics providers, started construction of the largest warehouse to date on the park in May last year, and OASIS Group, which provides information management services and document storage to clients across the UK and Europe, signed a long-term agreement on a 108,973 square foot warehouse in October. Alf Allington, Managing Director at London City Bond, concluded:

“We are delighted to have secured the opportunity to work in partnership with DP World to secure our latest warehouse within London Gateway, our sixteenth site to date. The current shortage of quality warehousing is well documented, and it is therefore even more exciting to have secured this new unit within the Freeport as we know from our past experience just what additional benefits this can bring to us as a tenant, whilst at the same time allowing us to offer bespoke port-centric solutions to our customers.

“We are particularly pleased with the way DP World have managed the build and are on track to hand this over to us on time. We very much look forward to a long and rewarding partnership with them.”

Photo: An Artist’s impression of the new unit.