Associated British Ports (ABP) has acquired 21 acres of land on the western side of the Port of Immingham in an off-market transaction.
The acquired land, strategically positioned with frontage to Humber Road and Rosper Road, forms an important step for ABP's future expansion.
The land has a live hybrid outline planning application for up to 300,000 sq. ft of new industrial buildings or 16 acres of industrial open storage uses.
The application is expected to be determined by North Lincolnshire Council planners soon.
ABP, UK’s leading and largest ports group, has a total portfolio of 8,600 acres across the UK, which includes over 2,400 acres of development land.
Andrew Dawes, Director of the Humber ports said: “Acquiring this strategic site is integral to bolstering our footprint and ensuring the Port – the UK’s largest by tonnage – has room for growth to meet the demands of our customers.
“It underpins our commitment to pursuing our ambitious mission to continuing to provide essential gateways to Keep Britain Trading.
"Immingham is at the heart of the UK’s busiest trading gateway handling around 46 million tonnes of cargo every year.”
Greg Lacey, Head of Property said: “This is another strategically important land acquisition at the UK’s largest port by tonnage, following the purchase of Stallingborough Interchange late last year.
"We are witnessing continued strong demand for warehousing to support traditional bulk cargos, as well as from industrial open storage requirements.
“The site’s proximity to both Philips 66 and Prax is important, and we are considering how it could play into much broader energy projects for generation and storage.
"[This] is a key part of ABP’s new mission to Enable the Energy Transition, and in this particular case, play our part in helping decarbonise the Humber”.