Industrial real estate developer Prologis and DP World have entered a joint venture to develop a 316,000-square-foot distribution center at London Gateway Logistics Park.
The park, which is one of the largest multimodal logistics hubs in Europe, is located next to the DP World London Gateway container port, on the north side of the River Thames.
“The location drives out logistics costs as we are closer to the U.K.’s major areas of consumption than other ports,” said Peter Ward, DP World London Gateway’s commercial director, in a statement. “In addition, London Gateway Logistics Park will help shape the future of the U.K.’s fast changing retail supply chains by allowing goods to be moved to homes and shops faster, more efficiently and reliably than ever before.”
Prologis, DP World to build DC at London Gateway
