28 Jan 2013 | 10:27 am | 1 min. read
Pinsent Masons advises on JV with Roxhill Developments to create 940,000 sq ft of industrial space.
Forth Ports, advised by Pinsent Masons, has signed a joint venture agreement with Roxhill Developments to develop up to 940,000 sq ft of industrial space at the Port of Tilbury in Essex.
Under the terms of the deal, Roxhill Developments has purchased a 50% stake in the London Distribution Park, a 70-acre development site adjacent to the port. Planning permission for the scheme has already been granted, with construction work on site infrastructure expected to start shortly.
The joint venture represents the next phase in Forth Port's expansion of the Port of Tilbury, following the £120 million upgrade of the London Container Terminal in 2012.
Tom Johnson, real estate partner at Pinsent Masons who led the team advising Forth Ports, said: "Following the completion of the London Container Terminal upgrade, there is a latent and growing demand for industrial space at the Port of Tilbury, and this joint venture goes a long way towards realising this opportunity.
"The complementary interests and expertise of Forth Ports and Roxhill Developments create a formidable partnership working towards the creation of the London Distribution Park and, with planning permission already in place, the JV is ready to react to occupier demand and develop what will become the region's leading logistics site.
"The prospects for industrial property in 2013 and beyond are excellent, with London Distribution Park uniquely well-placed to capitalise on the opportunities that are sure to arise in the sector."
Key Contacts
Multinational law firm Pinsent Masons has advised Tokai Carbon Co., Ltd. (“Tokai Carbon”) on the sale of its German subsidiary TOKAI ERFTCARBON GmbH (“TEG”), to Lenbach Equity Opportunities III. GmbH & Co. KG, which is exclusively advised by DUBAG Investment Advisory GmbH (“DUBAG”).
Multinational law firm Pinsent Masons has advised the shareholders of independent financial advisory and wealth management firm Shackleton, including the private equity buy-and-build specialist Sovereign Capital Partners, on the exit to Lee Equity Partners.
Multinational law firm Pinsent Masons has been announced by Business in the Community as one of The Times Top 50 Employers for Gender Equality in 2025. This year’s list marks the sixth time that the firm has been recognised for its commitment to embedding gender equality into all levels of the organisation.
Multinational law firm Pinsent Masons has today announced its latest round of partner promotions, with 24 set to join its global partnership on 1 May.
Multinational law firm Pinsent Masons is continuing its expansion in Asia Pacific having received government approval to open our third office in mainland China.
Multinational law firm Pinsent Masons welcomes Rena L. Scott to the partnership in the Middle East.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]