Up to 500 jobs to be created at Felixstowe
Up to 500 jobs could be created at a £37 million port-centric logistics park being developed by Gazeley Ltd at the port of Felixstowe.Gazeley will be seeking pre-lets for the Felixstowe Portside scheme and will start on site once an occupier has signed up.
Felixstowe Portside will offer up to 530,000 sq ft of design & build warehouse and storage development opportunities with direct access to the port of Felixstowe.
Felixstowe handles significantly more container traffic than any other UK port with plans to increase its capacity by almost 50 per cent.
The 27-acre intermodal site is located within the Trinity Estate, which has a private road network adjacent to the port’s boundary enabling the site to be classified as ‘portside’. As such, the site offers potential savings in import duties, other fiscal costs and the ability to utilise overweight containers giving up to 40 per cent additional shipping capacity.
James Behrens, development director for Gazeley says:"Felixstowe Portside offers retailers and logistics operators a first class opportunity to manage logistics operations right in the heart of the UK’s busiest and largest port.
"Port centric logistics is challenging the traditional model by offering a supply chain solution for goods arriving at the port and enables whole sections of the supply chain to be removed resulting in faster distribution at lower operational cost."
Dr Jeremy Fairbrother, senior bursar of Trinity College Cambridge, owner of the Trinity Estate added: "The development is in line with the regional plan and Haven Gateway Partnership aspirations for the regeneration and enhancement of the area. The scheme fits well with our vision of the wider strategy for the Felixstowe peninsular."
The site has outline planning consent and, depending on the occupier, is anticipated to create up to 500 new jobs.
Felixstowe Portside will be developed in an environmentally responsible and sustainable manner, constructed using Gazeley’s pioneering EcoTemplate development model.
As imports from overseas, in particular China, continue apace, deep-sea container traffic is expected to more than double in the next 15 years. Gazeley is positioning itself to offer its customers operating European-wide and global distribution networks added value by promoting port-centric warehouse solutions.
As goods arrive through the port, merchandise can be unloaded, sorted, consolidated and redistributed from within the existing security of the complex.
Joint lettings agents Knight Frank and Bidwells are expecting a rent of under £5 per sq ft.
Gazeley is a wholly owned subsidiary of Wal*Mart. Founded in 1987, it has since developed more than 50 million sq ft of distribution warehouses and industrial space for leading international companies and third-party logistics providers.