ABP Property, the development arm of Britain’s biggest ports company ABP, was relaunched last week 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.
Separately, ABP has announced it on course to become one of UK’s biggest corporate solar power producers
ABP is announcing plans to build a further 20MW of solar arrays making the ports company one of the biggest corporate solar power producers in the UK.
Once complete, the investment could ultimately see ABP’s 21 ports home to 100,000 solar panels generating up to 22,400,000kWh of clean electricity each year – enough to boil more than 1.12 billion kettles.
Britain’s biggest ports company, ABP is now emerging as a significant operator in the renewable energy market, with the current proposals representing a 250% increase on its existing 8MW capacity.
The solar arrays will principally be added to the roofs of ABP’s 1.4 million sq m of covered storage space across the ports. The energy generated will power port operations for ABP and its customers, with excess power fed into the National Grid.
One scheme covering 23,000 sq m on multiple warehouses at Immingham, Britain’s biggest port, will become one of the UK’s largest rooftop solar installations when the project is complete in 2018. It is one of two locations set to go live by March 2018, together totalling 4.5MW.
ABP has a strong track record of investing in renewable energy. From a £310m joint investment with Siemens to create a wind turbine blade factory in the Port of Hull, to wind turbines at the ports of Newport and Swansea. Meanwhile, ABP is delivering 23 further green energy schemes across its port estate.
Chris Garton, ABP Director, Asset Management, said:
“Renewable energy is at the heart of this business. Not only do we play a vital role in the thriving UK offshore wind sector but our business is increasingly a significant renewable energy generator in its own right.
“And we are confident that this is just the beginning for ABP. We still have significant potential to further develop our ports to generate yet more clean energy, further reducing the carbon footprint both of our business and of our customers’ operations.”
Gary Sucharewycz, Director at Custom Solar, which has a three-year solar installation framework agreement with ABP, said:
“The scale of this investment in solar arrays will make ABP one of the largest UK generators and users of solar energy.
”They have recognised not only the benefits of minimising the impact of operations on the environment but the value in the security of energy supply that solar offers.”