Featured News Archives - Verdion

Verdion begins next iPort speculative phase

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Verdion has commenced the next phase of speculative development at iPort Doncaster, its 6 million sq ft logistics and rail freight hub in South Yorkshire. Construction has started on two units of 120,000 sq ft and 60,000 sq ft, which are scheduled for completion in Q3 2018. These units will complement an existing 195,000 sq ft which is complete and ready for immediate occupation.

iPort comprises 337 acres of net development land, which links directly to the M18. iPort Rail, the UK’s newest intermodal inland rail freight hub, is also now fully open and operational, welcoming its first train last month.

Both units will be delivered to a very high specification. Designed and built to a European standard, they will offer 12.5 m internal clear height, comprise steel portal frames and metal sheet roofs, and will be insulated using profile metal sheeting. Single storey, high-quality ancillary office units will also be delivered as part of the overall offering for both units. The 120,000 sq ft unit will offer nine standard dock level doors, 19 HGV parking bays and a 55 m deep yard. The 60,000 sq ft unit will offer three standard dock level doors, 13 HGV parking bays and a 55 m deep yard.

John Clements, European Development Director at Verdion, said: “These latest developments at iPort will enable us to satisfy a broad range of occupier requirements by delivering a variety of different sized, highly-specified warehouses with exceptional connectivity. Sustained demand for space at iPort has already seen Amazon, CEVA, Fellowes and Lidl take occupancy, and we’re extremely confident these new units will be in equally high demand.”

Following the completion of this new phase, iPort will cover 2.73 million sq ft of development. A further 3 million sq ft of planned development will be brought forward on the balance of the land. Build to suit opportunities are available from 50,000 sq ft to 1 million sq ft.

CBRE, Colliers International and Gent Visick are advising Verdion.

 

Dortmund Amazon mega-shed completes ahead of schedule

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European logistics property specialist Verdion has completed and handed over new Amazon regional distribution centre DTM1, part of the Wahrbrink-West industrial area in Werne, close to Dortmund Airport in the Rhine-Ruhr area.

The €100 million state-of-the-art facility extends to 104,000 sq m, including a 6,400 sq m office element. It is located close to the A1, A2 and A44 motorways providing easy access to the country’s key north-south and east-west routes.

Amazon employs around 1,700 people on the site.

Marc Haverkamp, Technical Director for Germany at Verdion, said: “With Amazon’s need to quickly upgrade to a new state-of-the-art facility in the area, we developed a 56-week programme to deliver its building as quickly as possible – and managed to hand it over a fortnight early because everything ran so smoothly.

“Our experience developing other Amazon facilities across Europe – including a 93,000 sq m mega-shed at our iPort logistics hub in Doncaster – helped us make the process as efficient as possible. It also meant we could suggest small refinements to the original plans that would help improve day-to-day operations without compromising delivery.”

Georg Starck appointed as Verdion CIO

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Verdion has appointed Georg Starck to the position of Chief Investment Officer.

Based at Verdion’s newly-opened Frankfurt office, he will be responsible for growing the firm’s pan-European investment platform, working with Director of Asset Management Simon Walter to identify and bring forward opportunities for the business.

Formerly Commercial Managing Director of Alpha Industrial GmbH & Co, Starck led a team of 20 employees managing and developing industrial and logistics real estate for internal and external clients with assets under management of 1,100,000 sq m and a development pipeline of 600,000 sq m. He also acted for the group in real estate acquisitions and sales activity. Starck previously also held positions at Aareal Asset Management (now Schroders) and ING Real Estate (now CBRE Global Investors).

Michael Hughes, CEO of Verdion, said: “Our development portfolio is very healthy, but it’s only one part of Verdion’s business. Right now, the logistics real estate market sits right at the centre of two important trends, rapid urbanisation and technological change, that we can capitalise further with greater strategic investment. Georg has the experience and track record to deliver these aims.

Georg Starck, CIO of Verdion, added: “Verdion has a clear appetite for value-add and core properties in the logistics and industrial market, particularly strong edge of town and city locations across the UK, Germany, Denmark and Sweden where it is already well-established.

“With increasing occupational demand for urban logistics and last mile deliveries we will be focussing on established micro locations likely to see sustained growth and properties with potential for repositioning using Verdion’s longstanding sector expertise.”

iPort Rail to become operational in January

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UK’s newest intermodal inland rail freight hub nears completion

Port Rail in Doncaster will become operational in January 2018, making it the UK’s newest intermodal inland rail freight hub. Set to transform the rail freight industry with a state-of-the-art facility within 7 hours of all UK deep water ports, it will rank in the top 5 of UK inland ports in terms of size and capacity.

iPort Rail is located on a 30-acre site within the 337-acre iPort logistics park, providing an independently-operated, high volume, secure container facility with 24/7 access for customers.

It will accommodate maximum UK train lengths, with one 800m reception siding, two 400m length handling sidings and a head-shunt and refuge siding, handling up to 6 trains per day. The site currently has 1,500 TEUs storage capacity, rising to 3,000 in future phases when sidings will also increase. It also has a reach stacker operation (115 tonne front axle load) and Channel Tunnel (SACTFF) approved secure facility for international movements.

Steve Freeman, Managing Director of iPort Rail, said: “This is going to be a market-leading rail freight hub, with state-of-the-art facilities that will minimise downtime and link quickly both nationally and internationally.

“The site is now in its final phase of completion and is connected to the national rail and motorway networks. Network Rail is currently finalising signalling installations and then we will be up and running.

“There is already a great deal of interest – not just from the main operators who like our independent offer, but other businesses drawn by being integrated into the wider iPort hub.”

The iPort logistics hub offers 6 million sq ft of logistics accommodation with Amazon, CEVA, Fellowes and Lidl already committed to space and a remaining 3.27 million sq ft to be brought forward over the coming years. Build to suit opportunities are available from 50,000 sq ft to 1 million sq ft and speculative development is ongoing.

www.iportrail.com

www.iportuk.com

Logistics developers must champion occupier requirements

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Championing a ‘no size fits all’ approach, John Clements, Verdion’s European Development Director, put forward the case for prioritising clients’ requirements above dated institutional standards, speaking on warehouse design and specification at EG’s Industrial & Logistics Summit on 21 November.

Verdion will only undertake a project having fully considered the location, size, characteristics and longevity of the scheme. Only then, he argued, can the developer deliver a project which best suits both the occupier and end investor. For this reason, Verdion offers both speculative development to cater for time critical occupier requirements and build-to-suit opportunities for more bespoke client needs.

Innovative technologies are already greatly improving the delivery time of client-side goods, and so the occupier is right to demand a service which has all of the latest technical benefits at its core.

Future proofing and derisking is also important – among other things Verdion always ensures there are readily available sources of electricity to power machinery and autonomous technology and broadband to deliver crucial connectivity and wherever possible two sources to deliver diversity of supply. And with automation set to make delivery more efficient throughout the industry, developers must keep an eye to the future if they’re to continue to react in a flexible and agile way to meet occupier requirements.

Verdion was joined on the panel by Peter Ward of United Kingdom Warehousing Association (UKWA) and Julie Barlatier-Prieuret of Barjane International Group.

Verdion launches 180,000 sq ft fast track logistics space

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Verdion iport iPort comprises 337 acres of net development land in total, with links to the M18, Great Yorkshire Way and the A1 as well as a strategic rail freight terminal nearing completion on site.

John Clements, European Development Director at Verdion, said: “This new space is designed to suit occupiers seeking highly-specified warehousing in a short time frame. With sustained demand for high quality buildings and Amazon, CEVA and Fellowes already committed to iPort, the time is right to look ahead to the next phase of development.

“iPort already has reserved matters consent, all its infrastructure is in place and land plots have been fully prepared for development, meaning construction work can start early in the new year and complete in Q3. Our current 195,000 sq ft unit is ready for occupation and build to suit opportunities are running in parallel too.”

With the completion of this new phase, iPort will cover 2.73 million sq ft of development with a remaining 3.27 million sq ft to be brought forward over the coming years. Build to suit opportunities are available from 50,000 sq ft to 1 million sq ft.

Amazon mega-shed at iPort now complete

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Verdion has completed construction of the new 1.1 million sq ft (102,190 sq m), £100 million logistics facility for Amazon at iPort, its 6 million sq ft (557,400 sq m) logistics hub in Doncaster.

The bespoke warehouse is 0.5 kilometres in length – the size equivalent of 14 football pitches – while the building design itself is state-of-the-art, with an interior fit-out design and specification that is cutting edge and unique to Amazon.

John Clements, Verdion’s European Development Director, comments: “We are delighted to have completed on schedule, less than 12 months after signing the deal with Amazon – extremely quick for such a large and complex project.”

Gent Visick, CBRE and Colliers International are letting agents for iPort.

 

iPort wins Yorkshire Game Changer Award

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Verdion has been announced winner of the Game Changer Award 2017 for its work on the iPort scheme in Doncaster, during the 20th anniversary of the Yorkshire Property Awards.

The company was awarded the accolade in a ceremony hosted on May 4th by Variety, the Children’s Charity.

The Game Changer Award recognises projects or deals “which have had a material effect on the surrounding environment or on the market, which are widely recognised in the property sector as worthy of praise, and which show excellence in conception, design and execution”.

Verdion recently announced the second phase of construction of iPort, its £500m, 337 acre logistics park, which connects to the region and wider UK via a Strategic Rail Freight Terminal.

Verdion kickstarts iPort phase 2

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Verdion is set to add a further 3 million sq ft (250,720 sq m) of space within Phase 2 of iPort, the 6 million sq ft (557,440 sq m) intermodal logistics park in Doncaster.

After a busy year of lettings at Phase 1 of the scheme, with 2.34 million sq ft (217,386 sq m) space taken by Amazon, Fellowes, CEVA and Lidl, Verdion will now start development of the second phase of the £500 million multi-modal logistics development.

iPort offers both speculatively-built units as well as design and build space ranging from 50,000 sq ft (4,645 sq m) to 1 million sq ft (92,900 sq m) and includes a dedicated 35 acre (14 hectare) high specification rail freight facility, providing services with continental gauge clearance to all major UK ports and the Channel Tunnel.

The site is linked to Junction 3 of the M18 via the Great Yorkshire Way, which was constructed to enable the development of the site.

Michael Hughes, CEO of Verdion, says: “2016 was a great year for iPort, with major lettings to household names validating the ambition of this project. We are glad to be able to announce the start of the second phase so quickly and expect to contend with a further wave of strong occupier interest in 2017.”

Gent Visick, CBRE and Colliers are letting agents for iPort.

Verdion’s leases 4.67 million sq ft in 2016

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Verdion, Europe’s specialist logistics developer and investor, leased a total of 4,678,562 sq ft (434,638 sq m) of high quality logistics space, across Europe, in 2016.

The notable transactions included: 1.12 million sq ft (104,000 sq m) let to Amazon in Werne, Germany for a new state-of-the-art e-commerce facility; a total of 1,315,600 sq ft (122,219 sq m) let to Amazon at Verdion’s £500 million iPort development in Doncaster, South Yorkshire, UK; a 614,000 sq ft (57,041 sq m) development deal for global dairy equipment manufacturer DeLaval in Hamburg, Germany and; a bespoke 290,635 sq ft (27,000 sq m) warehouse for BMW in Malmo Sweden.

In addition, Verdion leased a further 1,040,800 sq ft (96,960 sq m) at iPort to Fellowes, CEVA and Lidl. And in Berlin, the logistics specialist let just under 300,000 sq ft (27,870 sq m) of speculatively built warehouse space to Dachser, PUK Group and Bringmeister at its Verdion Airpark Berlin development, located near to the Berlin Brandenburg Airport in Germany.

Michael Hughes, CEO of Verdion, comments: “2016 was a great year for Verdion. We continue to focus on our occupier clients – creating intelligently designed buildings that optimise cost and functionally to meet their business needs – whilst ensuring our growing portfolio delivers exceptional investment returns.”