A ground-breaking ceremony was held this month at Verdion’s new logistics development in Greve, Denmark.
The strategically located 10 acre (4 hectare) site was 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 let to the world’s largest logistics provider and 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. Completion is scheduled for early Q4 2014.
The scheme has an investment value in excess of €25 million.
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 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:
Mike Hughes, Verdion – Tel: +44 (0)20 7193 9557
Kate Titchmarsh, Flashbulb – Tel: +44 (0)20 3440 4116