Friday, December 11, 2020

Prince Rupert Port Authority and Metlakatla Development Corporation seek out tenants for new logistics park on South Kaien Island

One of the many port related projects underway around the
Ridley Island area is now seeking our tenants for long term lease opportunities

Another significant industrial development is almost ready for tenants with the Prince Rupert Port Authority and their partner at the Metlaktala Development Corporation now spreading word of the latest logistics platform available near the DP World Container port.

The call for interest has appeared in a number of Industrial publications in recent days with the project developed by South Kaien Land Holdings Ltd making note of the opportunities available through two large parcels of land totalling 56 acres now available for long term ground lease.

The South Kaien Island Import Logistics Platform is a partnership between the
PRPA and the Metlakatla Development Corporation

In the information that is being relayed to potential investors the two partners highlight the opportunity that their development offers to the global shipping community.

The lands are intended to accommodate uses that complement the rapid growth of the container business in Prince Rupert and capitalize on strong market interest for both import and export logistics services such as transloading and warehousing. 
 
The logistics park is a critical component of PRPA’s broader plan to develop an integrated intermodal ecosystem to support 4M+ TEUs of capacity by 2030.

The lands are cleared, and some preliminary earthworks have begun. Parcel 2 is currently under offer. Parcel 4 is still available.

The propsectus also makes note of the current and future expansion plans for the Port's footprint along the Prince Rupert and area waterfront.

There is nearly $1 billion in capital expansion either underway or planned to advance over the upcoming year in the growth and expansion of the Port of Prince Rupert as it expands and diversifies Canada’s capacity to support export industries and grow international trade.

The South Kaien Island Import Logistics Platform has a homepage hosted by the Prince Rupert Port Authority which you can view here

Among the notes included is some background on the development and some location maps to provide for a wider view of what the new industrial site looks like.

Some of the background on the development of the Logistics Park can be found from our 2019 archive page here.

The project is just one of a number of new ventures underway for the Ridley Island area, you can explore more on those plans from our Port of Prince Rupert Archive page.




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