Speculative development

Verdion ExpoPark, Hanover

Unlocking complex challenges on city centre sites
Verdion ExpoPark Hanover is situated in a prime location on the edge of an established industrial estate south-east of Hanover city centre, close to the Hannover Messe exhibition venue. The park has been developed in two stages. The first phase was leased to Arvato Bertelsmann and completed in 2017, and the second is being developed speculatively in partnership with the Healthcare of Ontario Pension Plan (HOOPP), with completion expected in July 2021.
How is Verdion adding value?
We saw the site’s potential for logistics from the start. Sitting at the intersection of the city’s most important north-south and east-west autobahn connections, it connects with the centre of Hanover via the Stockholmer Allee tram stop, meaning employees can easily reach it from across the city. From there, the challenge was to unlock the opportunities the site presented and maximise its footprint for sustainable new employment space.
Powering the future with sustainable design
One of the zoning conditions stipulated by the municipality was the need for photovoltaic panels on the roof of the building. The first building now accommodates a forest of 7,824 photovoltaic solar cells on its 42,000 sq m roof, which produce more than 2,760,000 kWh, equal to the average power consumption of 800 households in Hanover. The second building is being constructed to a highly specified, energy-efficient design aiming for DGNB Gold certification on completion. As well as LED lighting and a highly insulated façade, this second facility will again feature a photovoltaic system on the roof with an output of around 4.4 million kilowatt hours.
Speculative development for specialist needs
Offering 46,706 sq m of Grade A distribution, mezzanine and office space, completion of the second building is planned for early summer 2021. The accommodation will be available as one unit or subdivided into four smaller units of 9,200 sq m to 10,500 sq m, together with ancillary offices and mezzanine space, 40 docking positions and parking for 155 cars and 13 HGVs. Rare for most speculatively developed buildings of this kind, the detail of the specification incorporated into the plans broadens its appeal to potential occupiers who need space quickly. In addition to 11m clear height and 50kN/m² floor loading, a lowered floor slab and insertion of foils for the retention of substances hazardous to water (WGK I-III) mean the building is equipped for the safe production and storage of hazardous and pharmaceutical goods. Verdion’s asset management team will manage both facilities over the long term, handling all commercial and insurance requirements. They will work closely with the facilities managers to make sure occupiers’ needs are met and the building continues to function efficiently and sustainably. André Banschus, Executive Director at Verdion, said: “Our decision to speculatively develop reflects our strong confidence in the investment fundamentals of logistics real estate in Germany. There is high demand for space and this Hanover location is ideal for e-commerce, with tram connections for the local workforce and fast access to the motorway network for the efficient movement of goods.”

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