Featured News - Verdion

Verdion and Aviva Investors unveil €200m Copenhagen logistics park plans

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Verdion and its partner Aviva Investors have unveiled plans for E20 Park Copenhagen, a major new logistics hub south of the city.

The scheme is one of the largest of its kind in Denmark, with capacity for 150,000 sq m of logistics space on the 38ha site owned by Aviva Investors.

40% of the Danish population within a one-hour drive

The park is located within 35 minutes of Copenhagen city centre, as well as its port and international airport. Warehouse and distribution units will be available from 5,000 sq m, aimed at national and international firms seeking Grade A warehouse space near the city. Smaller flexible units from 2,500 sq m+ for local businesses and startups will also be delivered. Ancillary office space, shared services, car and HGV parking will form part of this 38-ha fully zoned employment site. The goal is to attract both large and small companies, particularly those in e-commerce and the pharmaceutical industry.

It will be built to the highest environmental standards, with units designed for DGNB Gold certification. The surrounding environment will be fully landscaped, with green spaces, water features and outdoor leisure space incorporated into the overall design, to provide health and wellbeing opportunities for all of the park’s users. High-quality cycle routes will connect the park to nearby residential areas and public transport links.

Excellent transport links

E20 Park Copenhagen sits close to the town of Solrød on the E20 motorway, part of the main arterial route that links Germany, Denmark and Sweden. The location also benefits from excellent local transport links including two S-Train stations within walking distance and bus stops located directly at the site entrance. It is within 15 minutes of the Port of Køge.

Construction will start shortly on all site infrastructure, ground works and services for the park to ensure rapid delivery of new facilities for clients with urgent space requirements.

It is Verdion’s largest development in the Nordic region and follows other successful new build logistics investments for DHL in the Copenhagen area (at Greve and Allerød) and Malmö Sweden for BMW.

Michael Hughes, CEO of Verdion, said: “At a time when e-commerce is experiencing huge growth and pharma remains central to the regional economy, Copenhagen is experiencing a chronic shortage of new Grade A space – demand is high for both ‘last mile’ customer delivery centres and larger and more complex logistics requirements.

“Here we have the opportunity to help fulfil this demand on a major scale, with a focus on speed to market and the flexibility to build high quality facilities that precisely meet our customers’ requirements. More than 2 million people are within an hour’s drive-time of the site and there is nothing closer to Copenhagen city centre that can offer the scope, size and park environment quality of the logistics facilities we can deliver near Solrød.”

Last year, Aviva Investors identified Copenhagen as one of the top European markets for future growth and therefore a location it is strategically committed to within its overall investment strategy. In January, the business acquired portfolio of mixed-use assets in Copenhagen, known as the Atlas Portfolio, as well as Galleri K, a mixed-use retail, leisure and office asset in the city.

George Fraser-Harding, Fund Manager at Aviva Investors said: “This project continues our strategic focus on the European logistics market, and follows acquisitions made in the Netherlands earlier this year. As part of that strategy, we are focused on high-quality assets, in strong locations. By partnering with Verdion our belief is that these properties will be best-in-class and built with strong ESG credentials. E20 Park’s proximity to Copenhagen will be an attractive feature for many prospective occupiers, likewise the excellent links to other domestic hubs and international markets, including Germany and Sweden.”

CBRE has been appointed as leasing agent for the park.

www.E20Park.com

 

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 launches iPort Phase 2 with 731,000 sq ft warehouse deal

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Verdion has launched the second phase of its iPort logistics hub with a 731,000 sq ft (67,912 sq m) letting to a major online retailer.

Set to complete in Q2 2020, the new mega-warehouse will be the first building to start on site on the 300 acre (121 ha) second phase, which covers the southern part of iPort and includes landscaping and environmental buffer zones.

iPort spans 800 acres (324 ha) next to the M18 in Doncaster, with capacity for up to 6 million sq ft (557,414 sq m) of logistics space in total. Phase 1 occupiers include Amazon, CEVA, Fellowes and Lidl, with three smaller, speculatively-developed units of 195,000 sq ft (18,116 sq m), 119,060 sq ft (11,061 sq m) and 58,879 sq ft (5,470 sq m) currently ready for occupation.

iPort Phase 2 has capacity for a further 3 million sq ft (278,810 million sq m) of developable logistics space, including this first new mega-warehouse. Outline planning is in place, the site access road is complete, all services including access to 52 MVA power are available, and individual building plots are all currently being prepared for immediate development.

The site is also home to iPort Rail, a state-of-the-art rail terminal operated by Verdion. With capacity for the UK’s longest trains and storage for 1500 TEUs on site, the team expects to increase rail services and finalise government Authorised Economic Operator (AEO) status later this year, meaning it can offer quicker access to simplified customs procedures on-site post-Brexit.

John Clements, European Development Director at Verdion, said: “iPort is already the UK’s most advanced multimodal logistics hub and it’s now shaping up to become the most successful. This latest letting reinforces both Doncaster’s position as an e-commerce location of truly national importance and our commitment to successfully delivering high specification logistics space on a very large scale.

“Launching Phase 2 means we can rapidly bring forward more major build-to-suit opportunities alongside smaller scale speculative developments for occupiers needing speed to market.

“This new warehouse will be a great boost for the area. But even with more space committed at iPort, the local workforce has ample capacity for the 2.7 million sq ft of logistics space still to come forward, and we’re pleased to be helping to create more employment opportunities both short and longer term.”

Leasing agents for iPort are Gent Visick, Colliers International and CBRE. The Healthcare of Ontario Pension Plan (HOOPP) is Verdion’s funding partner.