Sussex Property Professionals Dive Deep into Port’s Plans
Property professionals from across Sussex took to the water to hear about future plans for Shoreham Port, a thriving commercial Trust Port on the South Coast which manages the movement of 900 ships and 2 million tonnes of cargo every year.
Tim Hague, Director of Property & Development at Shoreham Port, led a water-borne tour of the port for members of the Sussex Property Alliance (SPA), with a particular focus on estate management, development opportunities and the increasing investment in renewable energy generation.
Central to future plans is the release of land for development at the Western Arm, which will support the expansion of commercial shipping activities on the Eastern Arm and Canal through better use of vacant and underused sites.
“The aim is to increase capacity to achieve 25% growth in trade over the next few years through investment in new port facilities, such as increased warehousing and in terminals,” said Mr Hague.
Shoreham Port is currently home to 150 companies, generating £4m property income annually, with the huge demand for space resulting in 100% occupancy for the last eight years.
Robert Dowling, Partner at chartered accountants Carpenter Box, which supports the SPA jointly with Bennett Griffin solicitors and Michael Jones commercial real estate agents, said:
“Shoreham Port is vital to the fabric of the South East economy, particularly for the construction industry given the volume of timber, steel and aggregates that it handles. It has ambitious plans for the future that will not only increase growth in trade but also contribute to wider economic development and improved community facilities.”
The Sussex Property Alliance provides a forum where property professionals get together, exchange ideas, and build relationships.