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ABP launches £3.5bn property business

Associated British Ports (ABP) has launched a £3.5bn property arm with the aim of developing 30m sq ft of land.

The UK’s biggest ports operator, ABP owns 21 major ports that include a development landbank totalling 960 ha.

ABP Property will aim to develop this land into accommodation for logistics, assembly, manufacturing and other business facilities, the company said.

The group is currently carrying out a £1bn five-year investment programme that will deliver improvements to facilities at its ports.

A number of its sites will see “substantial” investment in infrastructure to facilitate development, ABP added.

Valued at £3.5bn by ABP, the property business will offer services including design and build, partnership schemes, providing buildings through traditional leases, and securing development funding.

ABP head of property Huw Turner said: “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.”

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