DP World and Prologis break ground on joint venture

A ground-breaking ceremony was held at DP World’s London Gateway Logistics Park on 6 February to mark the start of construction on a 316,000 square foot distribution facility. The building is being developed speculatively as an equal joint venture between DP World, one of the world’s largest port operators, and Prologis, the global leader in industrial real estate.

The ceremony was attended by Jamal Majid Bin Thaniah, non-executive director and vice chairman for DP World, Mohammed Sharaf, DP World Group chief executive, and Hamid R. Moghadam, chairman and chief executive for Prologis. The new single-sided 15 metre high distribution centre, which has been designed to offer flexible distribution space, will have a 55 metre yard and space for expansion.

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