Logistics property investor and developer Verdion has secured a pre let to the world’s largest logistics providers for a high quality warehouse and distribution facility in Greve, Denmark – a strategically located and established logistics hub for Copenhagen and the wider Nordic markets. The scheme has an investment value in excess of €25 million.
A 10 acre (4 hectare) site has been acquired by Verdion to develop 161,400 sq ft (15,000 sq m) of Grade A logistics warehousing with further future expansion options available. The scheme is being developed to service the storage and distribution needs for a third party – one of the world’s largest healthcare companies and the largest company in the Nordics by market capitalisation. The facility will provide the very highest Grade A specification, with industry leading technology, operating as a strategic global logistics hub.
Construction has begun on site, with delivery of the completed facility scheduled for early Q4 2014.
Mike Hughes, CEO of Verdion, says: “To be entrusted to design, finance and develop this important facility for global clients reinforces Verdion’s reputation for strength and professionalism in the European logistics market. We have an experienced platform in Scandinavia and this latest leasing reflects our strong confidence in the Nordic market.”
Cushman and Wakefield Corporate Finance advised Verdion and its funding partner HOOPP.
Notes to editors:
Verdion is a major real estate investor and developer with a specialist focus on logistics warehousing in mainland Europe. Its current development pipeline exceeds 10 million sq ft (929,000 sq m) of Grade A warehouse space across the Continent. The company has offices in Dusseldorf and Vienna, with its HQ in London. Formerly known as Helios Europe, Verdion was formed in January 2010 by Michael Hughes.
Verdion has the exclusive mandate from the Healthcare of Ontario Pension Plan (HOOPP) for all direct investments in European logistics property. HOOPP is one of the largest and most successful defined pension plans in Canada with 274,858 active members and pensioners and $47.4bn in assets available for pensions.
The partnership is currently working together to develop Verdion’s Link Logistics schemes in Germany, the Siemens facility in Chemnitz, Germany, the 6 million sq ft (557,400 sq m) rail logistics project iPort in Doncaster, UK and Verdion’s additional development pipeline of some 5 million sq ft (465,000 sq m).
For further information, please contact:
Kate Titchmarsh, Flashbulb PR
Tel. +44 (0)20 3440 4116
John Clements, Verdion (Vienna)
Tel: +431 533 6020
Tel. +44 2071939557