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London, 11 September, 2015 – JLL’s Industrial and Logistics team has been appointed to market a site at Tilbury Power Station in Essex. Commenting on the appointment, Richard Evans, director in JLL’s Industrial and Logistics team, said: “We are delighted to have been appointed as retained property advisor for the Tilbury site on behalf of RWE. The site offers a sizeable and unique development opportunity.”
Tilbury Power Station closed on 31 October 2013 and the technical decommissioning has now been completed. The next phase, deconstruction and demolition, will begin early next year. The decommissioning has included making the station safe, removal of system hazards, disconnection of redundant mechanical and electrical systems and removal of any unused materials from the site and sale of any large spare parts.
Over the past 18 months, RWE has been considering options for the former power station land. Current plans have defined the site into two parts, section 1 that is surplus to future plans and section 2 - land that will be retained for future energy requirements.The land owned by RWE totals 346 acres, 152 acres of which is being marketed by JLL in the coming weeks with a view to being sold. This land includes the site of Tilbury ‘A’ station and the existing deep water jetty structure on the river Thames. This surplus land has the potential to be redeveloped for a mixture of uses including commercial and industrial, subject to the usual planning processes.
The land to be retained provides an excellent option for a future power station, located on the Thames, close to the largest area of demand in the UK, and having good transport links and infrastructure.
RWE are in advanced stages of selection for the preferred demolition contractor for the site. The demolition contractor will be appointed by the end of the year with demolition starting on the site in early 2016. The demolition methods for the site are subject to prior approval by Thurrock Council. Demolition of the site will take three years and finish at the end of 2018.
Steve Boughton Head of Business Development UK at RWE, added: “Our teams on site have been hard at work, preparing the whole site for demolition, which will take three years and section 1 sale. The demolition contract should be signed by the end of the year and we hope to begin work early next year. We would like to thank our local community for all their continued support.”
Notes to EditorsTilbury Power station was a 1,467MW coal-fired plant and began operation in 1967. It closed its doors on 31st October 2013 after 46 years of successful operations and a combined total of 57 years of electricity generation at the site. In 2010, RWE took the pioneering decision to switch from coal to 100% sustainable biomass. The converted plant capacity of 750MW delivered more than 10% of the UK’s total renewable electricity.Since 1 January 2013, all generation in the RWE Group has been steered by RWE Generation SE, enabling the pooling of the generation and engineering expertise of RWE Power in Germany, RWE Essent in the Netherlands, and RWE Generation UK. RWE has more than 15,000 employees in its generation business and more than 40GW of power generation capacity.
About JLLJLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316.0 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $56 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.In Russia and CIS JLL has offices in Moscow, St. Petersburg and Kiev. JLL, Russia & CIS was voted Consultant of the Year in 2004, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014 and 2015 at the Commercial Real Estate Awards, Moscow; Consultant of the Year at the Commercial Real Estate Awards 2009, St. Petersburg; Consultant of the Year at the RCSC Awards in 2015, and The Best Real Estate Consultancy in Ukraine at the Ukrainian Property Awards in 2013.
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