Port operator Associated British Ports (ABP) has brought to market 95-acres of land for development opportunities at its Port of Newport.
As part of 600 acres across its UK port portfolio which it has identified for development, it said the land at Newport would be ideal for logistics and manufacturing use.
The land, for which it will seek to lease to developers with long-term development rights, comprise 73 and 22 acres respectively.
The Port of Newport handles more than £1bn of trade annually with multi-modal freight facilities, deep-sea access and direct links to rail and motorway networks.
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Helen Thomas, ABP’s head of property for Wales and short sea ports said: “These development sites(UK-wide) are ideally suited for port-centric manufacturing and logistics uses.
“At a time when energy costs are surging, our on-site power generation and access to green energy supplies means we can provide effective and economical power solutions for our occupiers. We’re seeing growing interest from international manufacturing and logistics businesses attracted by the strategic location of our Welsh ports”.
Cushman & Wakefield and CBRE are advising ABP on the marketing of the Newport sites.
In April ABP brought 13-acres of land at its Port of Cardiff to market, which could see the building of 200,000 sq ft of new industrial and logistics space creating hundreds of new jobs.
As with the land in Newport, the port operator is looking to retain the freehold interest and provide leasehold design and build opportunities for units ranging from 15,000 sq ft to 100,000 sq ft on two land sites at its existing ABP Business Park. It said there is already strong interest from investors and firms.
Ms Thomas said: “Cardiff’s port already supports 2,600 jobs UK-wide and contributes around £180m to the economy each year.
“We believe the development of these sites can be a further catalyst for investment and creating new jobs in what is now the fastest growing capital city in Europe.”
ABP’s other ports in Wales are at Port Talbot, Barry and Swansea. Its five Welsh ports have an annual economic impact of £1.5bn and support around 21,800 jobs UK-wide.
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