January 2016 - Verdion

Sheffield City Region Delegation Taking Shape for MIPIM 2016

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Verdion, is the latest in an impressive array of sponsors backing the Sheffield City Region presence at MIPIM in March.

Verdion join forces with Nabarro, CTP, Harworth Estates, The University of Sheffield, Arup, HLM, Coda and Bond Bryan to show its support for the region as it showcases key development sites to thousands of global decision-makers in the property market.

MIPIM is an annual event that attracts 20,000 of the market’s most influential decision-makers, and is an unrivalled opportunity to securing business growth and jobs. Sheffield City Region exhibits at MIPIM to promote key assets and investment opportunities, and will be featuring the key strengths of innovation, urban renaissance and Northern specialisation.

Verdion is the developer behind iPort, the £500 million, 6 million sq ft logistics scheme in Rossington, Doncaster, which will include a 35 acre dedicated European gauge rail freight terminal. £31 million of primary infrastructure works have been completed, with iPort set to be one of the largest intermodal rail freight developments of its kind in the UK. Verdion is on site building an initial speculative phase of 320,000 sq ft which will be ready for occupation in May 2016.

Michael Hughes, CEO of Verdion, comments: “Doncaster is one of the UK’s strongest logistic locations with excellent motorway links and close proximity to the Humber Ports. The completion of FARRRS will bring iPort that much closer to Doncaster Sheffield Airport. The iPort rail freight facility will complete the intermodal picture.

We have been working in the Sheffield City Region for many years now and are absolutely committed to the area. The fantastic investment schemes now being brought forward mirror our strong confidence in the region and reflect the ever closer working relationship between the private and public sectors. Our joint presence at MIPIM is to raise awareness of this forward thinking region and its part in the Northern Powerhouse.”

The Sheffield City Region’s part in the Northern Powerhouse will be one of the key themes of Sheffield City Region’s events programme at MIPIM 2016.

2016 Key Themes: Innovation, Urban Renaissance and Northern Specialisation

Innovation: New Assets and Surprising Opportunities

This strand of the programme will shine the spotlight on partnerships with education bodies that are driving creative investment opportunities. Key developments include:

  • Advanced Manufacturing Innovation District
  • Olympic Legacy Park
  • National High Speed Rail College

Urban Renaissance: Affordable Opportunities to Generate Yield and Drive Rents

The dash for assets capable of generating attractive yields and rental growth is increasingly competitive. Sheffield City Region will showcase opportunities where investors can maximise returns in a market where there is still room for sustainable growth. Key Developments include:

  • Barnsley Town Centre
  • Sheffield City Centre (Retail Quarter, The Moor, Digital Campus)
  • Doncaster Town Centre

Northern Specialisation: Standing Out in the Powerhouse

There is growing focus on the Northern Powerhouse. Sheffield City Region’s focus on advanced manufacturing provides us with an opportunity to stand out in the North of England. Key projects include:

  • iPort
  • Aerocentre

Any organisations interested in joining the Sheffield City Region MIPIM delegation should contact Harriet Knowles of Counter Context (Harriet.Knowles@countercontext.com).

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Notes

MIPIM is the most important gathering of businesses, investors, public authorities, journalists and thought leaders from the global property market. It is the perfect opportunity for companies to promote projects and interact with business leaders and discuss market trends.

 

First tenant secured for Airpark Berlin

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Verdion, Europe’s specialist logistics developer and investor, has let 54,000 sq ft (5,000 sq m) of warehouse space at its new Verdion Airpark development in Berlin to international logistics services company Dachser. This is the first letting at the €90 million scheme, following the start of development in December 2015. The speculative development is being undertaken in partnership with a discretionary fund managed by Rockspring Property Investment Managers LLP (“Rockspring”).

verdion_schoenefeld_airpark_berlin_II_

 

Dachser, which employs around 25,000 people across 437 locations worldwide, already has a strong presence in Berlin having taken space in the adjacent scheme which has also been developed by Verdion. The logistics company, which generates €5.3 billion of revenue per annum, has leased the first unit within the initial speculative phase, comprising 161,500 sq ft (15,000 sq m) of Grade A logistics space.

As part of their development partnership, Verdion and Rockspring are currently constructing three new units, each totalling 54,000 sq ft (5,000 sq m). The units have been flexibly designed to the highest specification to meet the strong market demand from 3PLs, retailers and e-tailers seeking urban logistics space in close proximity to both Berlin’s Airport and Berlin city centre. Completion of the first phase is expected for 30th June 2016.

Verdion CEO Michael Hughes commented: “Our confidence in Verdion Airpark Berlin is underpinned by this first letting to Dachser, a world class supply chain company. We expect to see sustained occupier interest for our quality product in this perfect urban logistics location.”

Stuart Reid, Rockspring Partner overseeing Germany said: “Our commitment and confidence to invest speculatively with our partner Verdion on the edge of Berlin in Schönefeld has paid off with the swift letting of the first unit at Verdion Airpark. This is a quality product in a proven logistics location with strong growth prospects.”

Verdion Airpark, Berlin is located within two kilometres of the new Berlin Brandenburg Airport and adjacent to key road and rail infrastructure. The 990,300 sq ft (92,000 sq m) scheme will be delivered in phases, with both speculative and ‘built to suit’ opportunities for warehousing units ranging from 54,000 sq ft (5,000 sq m) to 430,000 sq ft (40,000 sq m). The development has an expected end investment value exceeding €90 million.

Verdion previously developed 500,000 sq ft (46,000 sq m) on the adjacent land, known as Air Link Park, in 2012/2013. This scheme was successfully let to occupiers including Dachser, together with Paraxel and Unitax and the completed investment was sold in 2014.

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Notes to editors:

 

Rockspring

Rockspring Property Investment Managers LLP is a professional investment fiduciary specialising in the acquisition and management of commercial property throughout the UK and continental Europe on behalf of major institutional clients – either directly for single-client accounts or through the Group’s series of tax-efficient, co-mingled investment funds. Rockspring is authorised and regulated by the FCA.

Fully independent and 100% owned by its Senior Management and employees, Rockspring is headquartered in London and has a network of offices in Amsterdam, Berlin, Brussels, Budapest, Madrid, Paris as well as Client Services offices in Seoul, Sydney, and Washington, D.C. Its Executive Committee includes Robert Gilchrist (Chief Executive), Edmund Craston (Managing Director) and Ian Baker (Partner – Finance).

Rockspring was established in 1984 by founder and Non – Executive Chairman, Richard Plummer.

As at September 2015 Rockspring had gross assets of €8.0 billion in funds under management and undrawn commitments. It represents a diverse client base including Rockspring Hanover Property Unit Trust, Rockspring PanEuropean Property Limited Partnership, Rockspring TransEuropean III, IV, V, and VI, The Rockspring German Retail Box Fund, Rockspring UK Value Funds 1 and 2, and single client mandates. Rockspring’s property assets are currently located in the UK and 13 other European countries.

www.rockspringpim.com