News Archives - Verdion

Verdion to develop new research and production facility for Xylem in Bavaria

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Verdion has agreed a deal with global water technology company Xylem to develop a research and production facility for water analysis equipment at a site in Weilheim, Southern Germany.

Verdion has acquired a 290,628 sq ft (27,000 sq m) plot in the new Achalaich industrial park in Weilheim in Upper Bavaria from the City of Weilheim. The total investment volume of the project amounts to over 20m euros.

The property with a total GLA of 141,640 sq ft (15,000 sq m) will consist of four elements: a production plant, in which measuring instruments, sensors and accessories are to be manufactured; a distribution centre; a research laboratory; offices and community space. Xylem has signed a 15-year lease for the facility.

The company’s analytics business manufactures physicochemical analysis equipment for applications in the fields of water, wastewater, marine and coastal waters, food, beverages, environment, chemicals and pharmaceuticals. The company will move from its existing location in Dr.-Karl-Slevogt-Strasse in Weilheim to this modern, bespoke facility.

Xylem employs around 400 people in Weilheim. The company has been at its current location since 1954 and has an urgent need for more space due to its steady growth. “The new property enables us to significantly modernise and increase efficiency as well as realise growth opportunities,” says Ulrich Schwab, Managing Director of Xylem’s analytics business in Germany.

“We were very pleased to present Xylem with a compelling, tailor-made concept for this versatile new location,” says André Banschus, Managing Director of Verdion Germany. “Another decisive factor was our expertise in the light industrial sector.”

Last year, for example, Verdion completed an office and production building for high-performance alloys for Materion Advanced Materials Germany in Alzenau, Northern Bavaria.

Construction for Xylem is expected to start at the end of this or the beginning of next year. Weilheim is located about 50 km southwest of Munich, near Lake Ammer and Lake Starnberg. The Achalaich industrial estate is connected to the B2, Germany’s longest federal highway, which connects Berlin via Munich with Garmisch-Partenkirchen. Weilheim is also on the Munich-Garmisch-Partenkirchen railway line.

The project development is financed by the Canadian pension fund Healthcare of Ontario Pension Plan (HOOPP), with which Verdion maintains a partnership for the financing, development and management of logistics properties throughout Europe. The property will remain part of the institutional investor’s portfolio after planned completion at the end of 2020 and will be managed by Verdion.

Marco Rauch appointed as Verdion’s Technical Director for German projects

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Verdion has appointed Marco Rauch as Technical Director, responsible for the technical project management of all new German developments.

Rauch (45) has been working as a construction and project manager for more than 15 years. He moves over from GSE Deutschland GmbH, where he was responsible for the development of commercial properties with a total GLA of around 70,000 sq m. Before that, the civil engineer was responsible for projects in Frankfurt and the Netherlands, including logistics buildings with a total GLA of 100,000 sq m, for Goldbeck. Between 2004 and 2014, Rauch developed offices, hospitals and schools at Peter Gross Bau GmbH in the Rhine-Main region with a total investment volume of around 150m euros.

“With Marco Rauch, we are delighted to add such a versatile and experienced new colleague to our team,” says André Banschus, Executive Director of Verdion in Germany. “We develop complex logistics and corporate real estate for which experience in building across a wide range of asset classes is a great advantage.”

Verdion’s build-to-suit approach is characterised by a high degree of flexibility and creativity. “We listen carefully to our clients’ needs and develop tailor-made real estate concepts for them,” says Banschus. “This ranges from office and logistics space to clean rooms, refrigerated or hazardous goods warehouses.”

iPort Rail wins Rail Industry Innovation Award

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We’re delighted to report that our first rail freight terminal development iPort Rail in Doncaster has won the Major Project of the Year category at this year’s Rail Industry Innovation Awards.

This is the first inland rail freight terminal to be open and operation for a decade – a major milestone for Verdion and the whole team involved. Congratulations to everyone and to the other winners and nominees at Friday’s event.

Progress in the last twelve months has been significant. Our first rail service started in September, a week after iPort Rail’s formal opening by HRH The Princess Royal. Since then, routes to and from Felixstowe have started and PD Ports has confirmed a third service – to and from Teesport. More routes are expected to follow by the end of the year too.

iPort Rail sits at the heart of iPort, Verdion’s UK flagship development, which is already home to Amazon, CEVA, Fellowes and Lidl in an established logistics location supported by a strong local workforce. Further build-to-suit opportunities are accompanied by a speculative development programme, with smaller units available in rapid timeframes for those focussed on speed to market.

Intermodality is a major part of the terminal’s success to date. 87% of the mainland UK population is located within a four-hour drivetime. The East Coast ports are less than one hour away, and the country’s deep-water ports can all be reached in around seven hours. The M18, A1, M1 and Doncaster Sheffield Airport are all in easy reach.

“This is a state-of-the-art facility, capable of handling the UK’s longest trains, and a central part of iPort’s success,” said Michael Hughes, CEO of Verdion.

“With the logistics sector thriving, rail freight is rightly getting more attention – not least because each freight train journey takes at least 70 HGVs off our road network with many fewer harmful emissions.

“From this great start, we’re expecting iPort Rail to go from strength to strength as more businesses regionally and nationally see the difference it can make to their supply chains.”

Verdion celebrates topping-out ceremony of new HAVI site in Wunstorf

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The construction of the 15,000 sq m distribution center for HAVI Logistics is progressing rapidly and on schedule. On 11 June 2019, pan-European logistics real estate specialist Verdion, tenant HAVI, investor Tritax EuroBox, broker Jones Lang LaSalle (JLL) and construction company Klebl celebrated the topping-out ceremony. The state-of-the-art distribution centre will be handed over by Verdion as planned at the beginning of 2020.

The roofing of the 64,000 sq m site has now been completed. The office building and the cold-storage area are currently under construction. The floor slab will then be cast in a few weeks‘ time. “We are pleased that the construction work on the logistics property is progressing very quickly. Work on the adjacent roundabout and the new access road will also be completed soon. HAVI will have a new modern distribution centre and our town will continue to develop as a dynamic business location, something we are very pleased about,” commented Mayor Rolf-Axel Eberhardt.

Close cooperation between all partners

The rapid progress of construction is made possible above all by “the close, partnership-based exchange with both the Verdion project development team and the tenant HAVI. The cooperation provides for a smooth construction process in which we are meeting all site requirements,” says Andreas Rupp, project manager of the general contractor Klebl GmbH.

With its plans for the property, Verdion – together with Tritax EuroBox – had won the nationwide investor tender. “Verdion simply delivered the best mix of functionality and economy,” says Michael Starre, Director Business Development Industrial Agency at JLL. The real estate service provider carried out the search for investor and location on behalf of the future tenant.

Stephan Dalbeck, Business and Portfolio Director of Verdion, emphasised: “The project in Wunstorf is highly exciting due to its complexity and is characterised above all by the excellent teamwork. We continue to look forward to the very good cooperation and the success of the project.”

Nick Preston, Fund Manager of Tritax EuroBox, added: “Tritax EuroBox only invests in the best prime logistics locations in Europe and with tenants that have strong reputations in the market. So the combination of Wunstorf, with its strategic position on the outskirts of Hanover and at the centre of the main transport routes in northern Germany, and Havi, a leading global provider of supply chain solutions, was too good an opportunity to miss. We look forward to a long and productive working relationship with Havi as they grow their business from this location.  Our recent successful equity raise means Tritax EuroBox will be looking for similar winning investment combinations to Wunstorf, in Germany, and across western European markets, in coming months.”

LNG filling station for Wunstorf

The next major milestone of the project will be the set-up of the LNG filling station, the second in the HAVI network after Duisburg. “This is certainly an advantage for the city of Wunstorf, as LNG trucks create significantly less noise and particulate matter than conventional diesel trucks,” explained Torsten Oldhues, Managing Director Operations at HAVI Logistics GmbH.

Major milestone for Verdion and Tritax EuroBox Hanover development

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Verdion today broke ground on a cold storage and logistics facility in Wunstorf near Hanover, Germany. London-listed Tritax EuroBox plc bought the pre-let asset in a forward deal for EUR 27.5m at the end of last year. The development marks the first project collaboration between the two companies.

 

The property on Adolf-Oesterheld-Strasse includes a 9,000 sq m (96,876 sq ft) cold storage facility for groceries, 6,000 sq m (645,584 sq ft) of logistics space and 1,000 sq m (10,764 sq ft) of office and community space. Verdion seeks to achieve a DGNB sustainability certificate in Gold for the project.

 

Duisburg-based HAVI Logistics GmbH, a subsidiary of US-headquartered The HAVI Group, has taken out a 15-year lease on the asset. The food service logistics firm serves restaurants and convenience stores, with clients including McDonald’s, IKEA, Pizza Hut, Subway, Costa Coffee and Vapiano.

 

“Being selected by HAVI to deliver its new distribution centre is a testament to our team’s skills, knowledge and track record in developing technology-based logistics facilities,” said Michael Hughes, CEO of Verdion. “This is an important milestone in our first collaboration with Tritax EuroBox and we are on track for completion of the development in early 2020.”

 

Nick Preston, Fund Manager at Tritax EuroBox said: “A core strand of EuroBox’s investment strategy is to focus on established prime logistics locations in Europe and partner with the best developers, such as Verdion, to deliver high quality logistics assets leased to market-leading occupiers such as HAVI.

 

“This new, high specification primary distribution facility in Wunstorf meets all of these requirements generating an attractive income return for the next fifteen years and is a valuable addition to our expanding logistics portfolio.”

 

Preston added: “The dynamic growth in European logistics markets in recent years is being driven by strong and growing demand for large, modern well-located logistics assets as occupiers seek to improve their operational efficiency and meet the requirements of a fast-evolving retail market. We believe that there is significant expansion potential in the German market, and across Continental Europe, for this ‘next generation’ type of modern logistics facility.”

 

KLEBL GmbH is acting as general contractor, tricer management GmbH as project manager and Büro Kühling as architect in the development. JLL acted as broker for the site and the project.

Verdion launches new Copenhagen logistics development

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Verdion has launched a new development opportunity near Copenhagen, increasing its portfolio in the Øresund region and bringing much-needed warehouse space to the local market.

Verdion Logistics Park Greve offers up to 30,000 sq m of flexible warehouse accommodation to lease or own, which can be subdivided into smaller units if needed. Road infrastructure, utilities and zoning are already in place.

The site is located on Ventrupvej at the centre of the Greve logistics and business park, adjacent to the E20 motorway and within easy reach of Copenhagen city centre, harbour and airport. Occupiers will join nearby companies including DHL, LEMAN, Movianto, who have already chosen to locate to adjacent sites.

John Clements, European Development Director, comments: “Greve is one of the most attractive logistics locations in Denmark, sitting on the main corridor between Germany and Sweden, close to Copenhagen and the Øresund Bridge.

“At the moment vacancy rates and available land around the city are low and the number of opportunities for this kind of space close to Copenhagen is rare.

“We are therefore putting forward a very flexible opportunity that could suit a number of different businesses. The site has potential for up to 30,000 sq m of new logistics space overall and could easily accommodate built-to-suit requirements in one or more buildings.”

CBRE are the leasing agents for Verdion Logistics Park Greve.

Verdion is also promoting new logistics space at its Verdion iPark Copenhagen in Allerød Kommune, 20 minutes to the north of Central Copenhagen and close to North Zeeland’s pharmaceutical industries. A total of 26,000 sq m of warehouse accommodation including office space is available to lease, with the potential to subdivide units if required. New occupiers will join DHL, which has taken a new 12,000 sq m state-of-the-art facility to support its contract with one of the world’s largest healthcare companies. Andersen Erhverv is the leasing agent.

Verdion appoints Jonathan Harris as Non-Executive Director

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Verdion has appointed former Macquarie Capital Senior Managing Director Jonathan Harris to the role of Non-Executive Director.

Jonathan is an experienced real estate advisor and principal investor who has led over £30 billion of corporate and asset level transactions, capital raising and financings across both private and public capital markets.

Working across the UK, Europe and Australia for more than 20 years with the Macquarie Group and active in the logistics sector since 2002, Jonathan was a key adviser to the Goodman Group supporting its growth in Australia/NZ and then in UK/Europe from 2007 onwards. Jonathan went on to co-found PLP (formerly Peel Logistics) in 2016 during his time as Macquarie Capital Head of European Real Estate.

In 2018 he formed Tall Trees Advisors Limited to continue serving public and private property companies, banks and investment managers, as well as pension, insurance and sovereign fund investors globally.

Michael Hughes, CEO of Verdion, said: “Jonathan brings his considerable expertise in our key markets to the Verdion Board.

“Over the next year Verdion will increase focus on investment and asset management, alongside its strong development portfolio, and see a greater European reach – capitalising on a growing appetite for high quality logistics space in strategically important locations – and the exciting opportunities that the revolution in technologies and consumer trends will bring. Jonathan’s European and global experience will be of enormous benefit to the Verdion business as it continues this next stage of growth.”

Roger Mann has resigned from his position as Non-Executive Director following more than five years in the role. Adrian de Morgan continues as Verdion’s other Non-Executive Director.

Michael Hughes added: “At the same time, the whole team must thank Roger Mann for his commitment to Verdion and the valuable insight that has helped bring the business to where we are today. It has been appreciated enormously.”

Strategic land position: Verdion acquires logistics development site at ecopark, Emstek

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Verdion has secured a strategic logistics site on the ecopark industrial estate, near Emstek in Lower Saxony.

The site has capacity for around 25,000 sq m of warehouse accommodation to lease, with the potential to subdivide units if needed.

Verdion’s new site offers new, high quality logistics space located directly adjacent to the A1 motorway within easy reach of Cloppenburg, Bremen, Osnabrück and other major cities in northern Germany and the Netherlands.

André Banschus, Managing Director of Verdion in Germany, said:

“Demand for space in the region is growing, with a number of blue-chip international businesses already choosing to locate logistics hubs here.

“With the draw of excellent transport links to wider Northern European markets, occupiers are capitalising on favourable business conditions to increase their distribution networks, and Emstek is an exciting new opportunity for us to do the same.”

In addition to this site, work is underway on a new 12,500 sq m hazardous goods warehouse and 750 sq m of offices for sector specialist Imperial at Niedersachsenpark near Osnabrück, while earlier this year Verdion opened a new facility close to Hamburg – a 57,000 sq m distribution centre for global dairy equipment manufacturer DeLaval.

Verdion appoints Benelux Business Development Director

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Verdion has appointed Frank Drummen as Business Development Director for the Benelux area.

Responsible for increasing Verdion’s activity in the region, he will be working with occupiers to identify opportunities for bespoke logistics projects, as well as building up Verdion’s land position with strategic acquisitions.

Michael Hughes, CEO of Verdion, commented: “Frank is an important addition to the team as we seek more opportunities in the Benelux area – complementing our work in Germany, the Nordics and the UK.

“With a background as a project director for various logistics and industrial companies and, before that, as Managing Director at construction and installation companies, Frank has a detailed knowledge of logistics development.

“He understands what companies need and how to deliver it as effectively as possible with the expertise for which Verdion has become known.”