Property consultancy JLL appointed to market historic Appledore Shipyard site in Devon for let

‘Strong levels of interest’ already been shown in the site, says Tim Western of JLL

March 26, 2019

Leading property consultancy JLL has been appointed to market the historic Appledore Shipyard site in Devon, which is now available following expiry of the existing lease.

Tim Western, lead director at JLL in Exeter, said: “Appledore Shipyard is an historic site of significant importance to the wider region and we recognise that finding the right tenant is crucial. We are targeting the global marketplace primarily in the marine, maritime and energy sectors, and our aim is to secure a new tenant for the facilities as soon as possible.”

Appledore Shipyard dates back to 1855 and has built more than 350 vessels in its history, including military craft, bulk carriers, super yachts, ferries and oil industry support ships.

Bidna Yard and New Quay form the two parts of the available property covering around 28 acres. The main building includes an impressive 118m long covered, dry dock facility. The property is available on a new lease as a whole or in parts.

Tim Western added: “We have already received good levels of interest in Appledore from companies across the globe. It is evident that there is an undersupply of shipbuilding and ship repair facilities in Europe for small to medium sized vessels.”

For further information concerning the property please contact Tim Western of JLL on 01392 429305.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 90,000 as of December 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.