Andrew Jackson Acts for National Logistics Provider in Multi-Million Pound Port Investment
We are pleased to announce that we recently acted for Jenkins Shipping Company Limited, the national logistics provider specialising in paper, pulp and other forest products, in connection with Peel Ports’ new £17m custom-built warehouse facility at Port of Liverpool.
As part of the transaction, Jenkins has committed to over 500,000 square feet of warehouse space at the Port, 300,000 square feet of which will be provided by the newbuild, state-of-the-art paper and pulp warehouse facility. The facility will provide a major increase in capacity at the Port and will allow Jenkins to increase significantly its throughput capacity there.
Construction on the new warehouse facility is due to begin later in 2019, with completion scheduled for some time later in 2020.
Legal advice for the transaction was handled by three Andrew Jackson partners – Dominic Ward, Richard Mays with Richard and Stephen dealing with the real estate aspects and Dominic handling the allied commercial agreements.
Paul O’Hare, executive chairman of Jenkins, said: – “This was a complicated deal with a tight deadline. We found the team at Andrew Jackson to be professional and a pleasure to work with. Their advice was commercially focused and efficiently delivered.”
Dominic, head of our shipping & transport team, added: – “We are delighted to have acted for our long standing client on this latest transaction, which reflects Jenkins’ continued expansion of its range of services for customers.”