In what it describes as a “strategically important instruction”, Knight Frank has been appointed to manage a major new Essex logistics development.
The commercial agency will now provide estate, property and facilities’ management services for DP World’s 560-acre London Gateway Logistics Park at Stanford-le-Hope. With consent for nine-million square feet of distribution space the Essex hub will eventually be the largest logistics development in the South East.
The new logistics park is located adjacent to DP World London Gateway Port, the UK’s newest deep sea container terminal, which provides fast and direct access into London and the South East, Europe’s largest consumer market area.
Completed in April this year, the distribution park’s first building was the 180,000 sq ft DP World London Gateway Logistics Centre. Work is already underway on a speculative 316,000 sq ft unit due for completion later this year.
“This major logistics park sets a new standard of development, and we are impressed by the recognition and effort shown by Knight Frank to deliver the highest quality estate management services to the Park occupiers and DP World London Gateway’s customers,” commented the park’s estates manager, Nick Orbell.
Tim Robinson, a Knight Frank partner and head of property asset management, said: “This appointment is set to be one of the firms’ most strategically important instructions.
“We are thrilled to have been appointed as the property and estate managers on this globally renowned scheme, which will give us the opportunity to demonstrate our extensive surveying, facility management and technological capabilities working in partnership with such an innovative client.”
Robinson added that: “Once DP World London Gateway is completed our managed portfolio will extend to almost 75m sq ft across the UK, valued at over £9bn.”
