Port Authority Buys East London Wharf

The Port of London Authority (PLA) has acquired Royal Primrose Wharf in East London from property development company, Ballymore. This is  part of its investment plan, which is supporting the growing river use set out in the Thames Vision and helping diversify the organisation’s income streams.

 

Royal Primrose Wharf is a 3.7 acre wharf upstream of the Thames Barrier in the London Borough of Newham, adjacent to the eight-acre Peruvian Wharf, which the PLA acquired in 2016.

The PLA is currently seeking proposals from businesses interested in operating at Royal Primrose Wharf, in a process which will close on 20 May 2019.

The principal tenant of Peruvian Wharf is Brett Group, who are in the final stages of developing a construction materials facility on the site. The PLA invested several million pounds in clearing the site, installation of services and an access road, so it was ready for the tenants.

 

PLA chief executive, Robin Mortimer, said: “Royal Primrose is ideally located to serve the ongoing development of London, which is increasingly focused on East London. Wharves like these are key to realising the green benefits of river transport. Moving bulk materials by water keeps lorries off our congested roads, is the most carbon efficient transport option, reducing emissions and climate change.”

 

Click here for full article.

 

External Sources

Port of London Authority website: News-  Port Authority Buys East London Wharf

 

– ends –