DJ Freeman - Industrial Development - Thurrock, Shell Haven

Date: 19 Sep 2000

An agreement has been signed between P&O and Shell which is expected to lead to the regeneration and redevelopment of the former refinery site at Shell Haven in Thurrock, Essex into a new world class container port. Norton Rose represented P&O and D J Freeman advised Shell.

The 1,500 acre former refinery has the potential to become one of P&O's largest port operations worldwide. The surrounding land will be developed to provide port related services including sea, road and rail distribution activities as well as commercial and light industrial operations. It is estimated that, when completed, the port and associated developments could create up to 10,000 new jobs.

Under the agreement, and subject to the necessary planning consents, P&O will purchase the freehold land required for the container terminal development and will jointly develop with Shell the remainder of the site. Initial operations on site could begin as early as 2002 with further stages developed in accordance with market demand.

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