New property arm of Associated British Ports will explore opportunities in the East

An aeriel view of the Port of Ipswich, operated by Associated British Ports (ABP). Picture: ABP

An aeriel view of the Port of Ipswich, operated by Associated British Ports (ABP). Picture: ABP


A port operator which manages three East Anglian sites is planning big changes to its 2,372 acre land bank through its revamped £3.5bn property arm.

Port of IpswichPort of Ipswich

Associated British Ports (ABP) – which owns 21 UK ports including King’s Lynn, Lowestoft and Ipswich – has launched ABP Property to invest in and develop sites in “strategically significant” locations.

ABP Property owns sites in and around its parent company’s locations, with the capacity for up to 30 million sq ft of accommodation for new logistics, assembly, manufacturing and other business operations.

ABP’s property division operates an existing investment portfolio amounting to around £2bn.

The new property arm’s team will include developers and commercial agents and will be led by Huw Turner, group head of property at ABP.

“We have spent a significant amount of money in our East Anglian ports of late, building new facilities. It is a good example of how we are continuing to invest in our ports and property,” said Mr Turner.

“Whether our customers’ business is port related or not, the size of our estate will enable clients to grow and expand while remaining in the same location. At the same time, occupiers will have the opportunity to expand their reach with the creation of additional buildings across other port locations where land is available for development.”

He added: “Given the scale of our portfolio, there are opportunities at nearly all of our ports which can be progressed.”

ABP commercial director Jens Nielsen added: “ABP Property comprises a genuinely-significant land bank and we have put together an experienced team to ensure investors, occupiers and agents can fully-capitalise on the opportunities that this space offers.”

ABP, which made pre-tax profits of £144.9m in 2016, is investing £2.2m on the Ipswich port estate to reduce its carbon footprint and has spent £3.3m on new warehousing and a crane at the Port of King’s Lynn.

The formation of ABP Property forms a cornerstone of the group’s commercial strategy and comes amid a company-wide five-year £1bn investment plan.

Its most recently filed accounts said it was “undergoing a programme of system and process transformation” to improve efficiency.

Other news

12 minutes ago

An MP has said he believes a colleague’s failure to abstain from a key Brexit vote on Tuesday was a “genuine mistake.”

43 minutes ago

A campaign group has hit out against potential plans to charge visitors to exhibitions at the new home for Suffolk Archives which would include records from Lowestoft.

Youth gangs and drug violence have been described as “the biggest threat without question facing Suffolk”.

The first major building project as part of a £25 million offshore wind farm began in earnest at a groundbreaking event.

Most Read


A woman has been left with a potential head injury after a car rolled down a slope and struck her.

Read more
James Paget University Hospital
Yesterday, 17:37

The owner of a popular seaside attraction says he is “devastated” after it was stolen from its storage facility.

Read more
Wed, 18:33

A popular seaside attraction has been stolen.

Read more

A school is celebrating after attaining World Class status, and becoming the first school in Waveney to be crowned with the accreditation.

Read more
United Kingdom
Mon, 15:06

A man was forced to strip at knifepoint by a pair of teenage girls who then ran off with his clothes.

Read more
Great Yarmouth Police Investigation Centre

Later in Life


Click here to view
the Later in Life


Local Weather

Partly Cloudy

Partly Cloudy

max temp: 22°C

min temp: 17°C

Show Job Lists

Digital Edition


Enjoy the
Lowestoft Journal
e-edition today


Newsletter Sign Up

Lowestoft Journal weekly newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy