6(1)Associated British Ports may develop in such manner as it thinks fit land belonging to it or to any of its subsidiaries.E+W+S+N.I.
(2)Associated British Ports may in particular—
(a)develop for use by other persons land belonging to it or to any of its subsidiaries which is not otherwise required for the purposes of its business; or
(b)where the use of such land for the purposes of its business can be combined with its use by other persons, develop the land by constructing or adapting buildings on it for use wholly or partly by other persons,
with a view to the disposal of any right or interest in the land or, as the case may be, the buildings or any part of the buildings, after the development is carried out.
(3)Where Associated British Ports proposes under this paragraph to develop any land as mentioned in sub-paragraph (2), it may acquire by agreement adjoining land for the purpose of developing it together with the other land.
(4)Except as provided by sub-paragraph (3), Associated British Ports does not have power to acquire land solely for the purpose of developing it as mentioned in sub-paragraph (2).