Verdion on Track for delivery of Bespoke Denmark Logistics Facility

15/05/2014

Construction work is well underway and on track at Verdion’s new 161,400 sq ft (15,000 sq m) strategic logistics development in Greve, Denmark.

Let to the world’s largest logistics provider, the scheme 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, set on a 10 acre (4 hectare) site, will provide the very highest Grade A specification, with industry leading technology, operating as a strategic global logistics hub.

Verdion acquired the site in November 2013 and, with backing from its funding partner the Healthcare of Ontario Pension Plan (HOOPP), started work on site in February 2014. Completion is scheduled for September 2014.

The scheme has an investment value in excess of €25 million.

Denmark_Build_Progress_2

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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 Logistics schemes in the UK, Germany and Scandinavia, including the Siemens facility in Chemnitz, Germany, the 3PL facility Denmark and the 6 million sq ft (557,400 sq m) rail logistics project iPort in Doncaster, UK.

For further information, please contact:

Mike Hughes, Verdion Tel: +44 (0)20 7193 9557
Kate Titchmarsh, Flashbulb Tel: +44 (0)20 3440 4116