DP WORLD REPORTS RECORD REVENUE OF $20.0 BILLION AND EBITDA OF $5.5 BILLION
DP World‘s London Gateway Logistics Park has received Thurrock Council’s approval of a new 10-year Local Development Order (LDO) which will see the site’s continued expansion and job creation.
The LDO supports the London Gateway Logistics Park’s customers by streamlining planning processes for new construction projects, which are all built to a BREEAM ‘Outstanding’ classification as standard, Port Technology reports
Under the LDO
Under the LDO, new builds at the Park are granted final approval within 28 days, which reportedly enables rapid progression from agreeing a lease to construction and establishment of new facilities, and making London Gateway attractive for fresh investment.
Destiny Entertainments and Ranson
The Park has developed half of its 9 million square-foot site, with the 10-year extension expected to support the utilisation of the Park’s remaining space.
The park’s first two manufacturing tenants, Destiny Entertainments and Ranson, moved into new facilities at the beginning of 2025.
A previous 10-year LDO was agreed in 2013 and resulted in the construction of 17 facilities for 16 occupiers, totalling more than 4 million square feet and creating 1,500 permanent jobs onsite
Partnership with Thurrock Council
Alan Holland, CEO, DP World London Gateway Logistics Park, comments: “Our new 10-year Local Development Order, combined with our fantastic access to transport connections and important markets, makes London Gateway Logistics Park well placed to continue our rapid growth.
I am delighted to continue our strong partnership with Thurrock Council ensuring we can support the creation of hundreds of new jobs by DP World and our customers, boost prosperity across the local area, and enable us to offer market-leading levels of sustainability and innovation.
The way for inward investment
Cllr Lee Watson, Cabinet Member for Good Growth, Thurrock Council, added: “The new LDO will help ensure that development of the site can continue, in a way that benefits the local economy and local people. It will help pave the way for inward investment which should help create good local jobs and bring other economic benefits to the borough.”
Removal of fossil diesel
Last year, DP World went fossil free at both its UK logistics hubs with the removal of fossil diesel from its operations at London Gateway
Financial results
On the other hand DP World Limited has announced financial results for the year ended 31 December 2024. On a reported basis, revenue grew by 9.7% to $20.0 billion and adjusted EBITDA³ rose by 6.7% to $5.5 billion with an adjusted EBITDA margin of 27.2%.
In 2024, They delivered a strong performance, further reinforcing their financial position by reducing net leverage and strengthening the balance sheet. While the year has started on a positive note, global trade remains in flux due to ongoing geopolitical challenges. They remain confident in the strength of our portfolio, which we expect to continue delivering robust performance.
