Verdion, Europe’s specialist logistics developer and Rockspring Property Investment Managers LLP (“Rockspring”) have secured the first pre-let in phase 2 of their €90 million Verdion Airpark development in Berlin. The letting is to the German based business DÜRKOP GmbH.
The multi-brand car-trading group has taken half of the phase 2 space, leasing a 97,575 sq ft (9,065 sq m) logistics unit, with approximately 15,016 sq ft (1,395 sq m) of office and ancillary space.
Phase 1 of Airpark Berlin, totalling 314,844 sq ft (29,500 sq m), has already been successfully let to Bringmeister (Edeka Group), Dachser SE & PUK.
Verdion’s CEO Michael Hughes comments: “The success in letting the partially speculative first Phase encouraged us to build the second phase completely speculatively and this has paid off. Demand for high-quality logistics space in this excellent location remains unbroken.”
Stuart Reid, Rockspring Partner overseeing Germany, said: “Following the successful letting to DÜRKOP, some 75% of the first two phases have been pre-let. We now look forward to further lettings and developing the rest of Airpak out.”
Verdion Airpark Berlin is located in close proximity to Berlin’s city centre and is 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) lettable is being 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 415,000 sq ft (20,000 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. The development has an expected end investment value exceeding €90 million.