Peel Ports to build 900,000 sq ft warehouse at the Port of Liverpool as part of a multi-million pound investment to meet surging demand. Tony McDonough reports
Peel Ports is to create 1m sq ft of additional warehousing capacity to meet a surge in demand with a 900,000 sq ft facility being built at the Port of Liverpool.
Growing demand across the defence, chemicals, fertiliser and bulk sectors has prompted Peel Ports to create extra capacity across its network. This multi-million pound investment will also see a new 100,000 sq ft facility being built in Glasgow.
According to a July report by property consultancy Savills, there is increasing demand for larger warehousing across the UK, creating growing pressure on available capacity and increasing the importance of strategically positioned logistics infrastructure.
Against this backdrop, Peel Ports is investing to ensure customers have access to the storage facilities they need to maintain resilient, efficient and secure supply chains.
Demand is being driven by a number of strategically important sectors, including fertiliser, chemicals, defence, manufacturing and other bulk commodity markets.
David Huck, chief operating officer Ports & Marine at Peel Ports, said: “Our customers are increasingly looking for high-quality storage space located close to our network of ports, and demand continues to grow across a number of critical industries.
“While economic conditions remain challenging, the strength of demand, particularly in Liverpool and across the wider North of England and West Coast of Scotland, gives us confidence to make this significant investment.
“Having warehousing located close to the quayside enables customers to streamline operations, reduce transport movements, improve speed to market and enhance supply chain resilience.
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This investment builds on Peel Ports’ wider commitment to expanding logistics and warehousing capabilities across its estate. Over the last 15 years, the company has developed more than 1.6m sq ft of warehousing across locations including the Port of Liverpool and London Medway.