News - Verdion

Derby Cycle chooses Verdion for new North German headquarters and plant

By | News | No Comments

Verdion has been chosen by bicycle manufacturer Derby Cycle as the developer for its new 32,230 sq m headquarters and plant which will expand the company’s presence in northern Germany.

The new facility will be funded and developed under a venture between Verdion and Canadian pension fund Healthcare of Ontario Pension Plan (HOOPP).

It will be located on a 63,000 sq m plot in the Ecopark Emstek industrial estate and open its doors in 2022, offering state-of-the-art production facilities as well as an inspiring work environment with open offices and working spaces.

Another highlight will be the new Kalkhoff brand world, where Germany’s leading e-bike brand will showcase new models directly at the factory with advice, test drives on a dedicated test track on site and information about the brand and history.

The new building will provide 26,500 sq m of production and storage, 5,730 sq.m. of office and communal accommodation and 510 parking spaces. Verdion is targeting a DGNB Gold sustainability certification for the building on completion. It will link to Derby Cycle’s existing 25,000 sq.m. logistics facility on the adjacent plot, which Verdion completed in 2015. Work has recently started on site.

André Banschus, Executive Director of Verdion, adds: “Even before COVID-19, bicycle manufacturers were looking for more ways to respond to demand. The global sustainability movement has accelerated green city infrastructure projects and sales have significantly increased in recent years.

“We are pleased to be delivering a second project for Derby Cycle, not only demonstrating our development expertise in complex manufacturing, but working closely with our partners to put in place the funding and lease structures needed to help Derby Cycle exploit this opportunity for growth.”

Ecopark Emstek is located directly on the A1 motorway linking the Baltic Sea to the French border near Saarbrücken via several North Sea ports as well as the Rhine Ruhr metropolitan area. The municipality of Emstek borders Cloppenburg, the county capital with over 35,000 inhabitants. It is located 60 kilometres south-west of the Hanseatic city of Bremen.

Verdion and HOOPP regularly partner on the financing, development and management of specialist logistics and production facilities across Europe, with a portfolio of over €1.2 billion GAV created over the last seven years.

On completion of the building, Verdion will continue to work with Derby Cycle as HOOPP’s asset manager. List Bau is the general contractor, Phase 5 the project architect.

Verdion leases 11,100 sq m of logistics space at Verdion Airpark Berlin

By | News | No Comments

Verdion leases 11,100 sq m of logistics space at Verdion Airpark Berlin

Verdion has leased two logistics properties with a combined 11,100 sq m of space at Verdion Airpark Berlin. Two thirds of the speculatively built space in this final phase of the logistics park near the German are now leased.

 

Walter Schulze GmbH took out a ten-year lease on a 5,778 sq m logistics property. The company will be processing its online wholesale business with printable merchandising such as t-shirts, mugs or sheeting on site. In a second property with 5,329 sq m of space, HOCO Online GmbH will be handling its online delivery business for bicycles and spare parts, also on a ten-year lease. Two further properties with around 5,000 sq m each are still available.

 

“With Walter Schulze and HOCO Online, we attracted two Berlin SMEs with growing space needs for their online businesses to the Verdion Airpark Berlin,” says Stephan Dalbeck, Business Development and Portfolio Director at Verdion. “The remaining space is also ideal for SMEs or start-ups whose distribution activities have grown beyond the capacities of the office post room or the garage. Pharma or fresh food logistics companies, which are seeking a quick route into Berlin’s inner city, will also profit from the location. There is currently no other logistics development closer to CBD.” Berlin’s central Mitte district can be reached within 30 minutes from Verdion Airpark Berlin.

 

Verdion Airpark Berlin

Verdion Airpark Berlin offers excellent access to Berlin’s major motorways. The facility is located directly on the B96a, a major road connecting in just two kilometres to the inner and outer orbitals (A10 and A100). Berlin’s Schönefeld Airport and the new Berlin-Brandenburg Airport are both within a ten-kilometre radius and the site is easily accessible by public transport.

 

A 10,000 sq m logistics property has already been completed as part of the third building phase of Verdion Airpark Berlin. It is leased to logistics company DACHSER SE. In total, the park has an area of 80,000 sq m, with other tenants including the food delivery service Bringmeister, metal industry company PUK, DÜRKOP GmbH, a spare parts supplier for branded garages, and Streiff & Helmold, a rail transport service provider.

 

The pan-European property investment manager PATRIZIA AG is financing Verdion Airpark Berlin.

verdionairpark.com

Verdion boosts investment team to step up acquisition activity

By | News | No Comments

Verdion has appointed Oliver Kemper as Senior Investment Manager.

Kemper (34) will focus on identifying, sourcing, analysing, negotiating and executing investment opportunities, transactions, acquisitions and disposals for Verdion European Logistics Fund 1 (VELF 1). He is based at the firm’s Frankfurt office and reports to Florian Stöbe, Verdion’s Head of Investment for Germany who joined in June this year.

He joins from KanAm Grund in Frankfurt where he was an Investment Manager, and before that spent time at Logicor where his focus was value add logistics investments across Germany. He began his career at JLL.

VELF 1 is focussed on acquiring urban logistics assets in edge-of-town or infill locations in strategic locations in Northern Europe. It recently held its final close with total equity commitments of €137 million.

Florian Stöbe, Head of Investment for Germany, at Verdion said: “While VELF 1 has already made acquisitions across Germany, the Netherlands and the Czech Republic, our focus remains on sourcing and acquiring additional assets at a faster pace in strategic corridors across Northern Europe.

“What sets Verdion apart in this very active market is our focus on sites with value-add potential. It is the opportunity to redevelop, regenerate or regear assets that drives our strategy and Oliver’s appointment to the team.”

Verdion closes first European logistics fund

By | News | No Comments

On September 9, 2020, Verdion European Logistics Fund 1 SCSp held its final close with total equity commitments of €158 million. Utilising targeted gearing of 50%, the fund seeks to acquire urban logistics assets in edge-of-town or in-fill locations that facilitate swift product delivery to major cities/towns, meeting the last-mile requirements of today’s economy.

Verdion formed the fund to execute a new investment strategy, targeting value-add/core-plus investments in Germany, the Nordics, Benelux and other select markets across Europe, seeking to generate a 12-13% net IRR for its investors, as well as a 5% portfolio-level distributable yield. To date, it has made four investments across Germany, the Netherlands and Czechia.

VELF 1 attracted capital from several new top-tier, institutional investor relationships. Investors include foundations, public and corporate pension funds and other institutional investors from Europe and the United States.

“As demand for online shopping accelerates, we see continued opportunity to acquire urban logistics assets in key corridor locations throughout Northern and Central Europe at an attractive entry basis not discernible to less technically knowledgeable buyers,” said Michael Hughes, CEO of Verdion. “By focusing our sector specific knowledge to the execution of this investment strategy we firmly believe that stronger performance is still to come.”

Verdion and Xylem celebrate foundation stone laying

By | News | No Comments

Verdion and the global water technology company Xylem have celebrated the laying of the foundation stone for a new production and research facility for water analysis devices in the Achalaich business park in Weilheim in Upper Bavaria.

In addition to representatives from Xylem and Verdion, the mayor of Weilheim, Markus Loth, as well as the District Administrator (Landrätin) Andrea Jochner-Weiss took part in the event.

“WTW, which was rebranded as Xylem in 2016, has been active in Weilheim since 1954 and is therefore firmly rooted locally,” said Ulrich Schwab, Managing Director of Germany at Xylem, Analytics. “Accordingly, we are very happy that we were able to secure a new location in the city with our project partner Verdion for the urgently needed expansion space. The new building enables us to modernise production and increase efficiency and opens up further growth opportunities.” Xylem currently employs around 400 people at its existing location.

“A tailor-made concept for the versatile new location of Xylem will be created at Achalaich in the next few months,” said André Banschus, Executive Director of Verdion. “It covers 15,000 sq m in four parts of the building: a production facility, a distribution centre, a research laboratory, and offices/common areas. When building the production plant in which measuring devices, sensors and accessories are manufactured, we draw on our many years of expertise in the field of delivering state of the art facilities for manufacturing and industrial clients with complex technical requirements.”

The total volume of the project is over €20 million. It is funded by the Canadian Healthcare of Ontario Pension Plan (HOOPP), which partners with Verdion to finance, develop and manage logistics projects across Europe. After completion at the end of 2020, the property will continue to be held for the institutional investor and will be managed by Verdion. Xylem has signed a 15-year lease.

Xylem’s Analytics business unit manufactures physico-chemical analysis devices for applications in the areas of water, wastewater, marine and coastal waters, food, beverages, the environment, chemistry and pharmacy. It is moving from the existing location on Dr.

-Karl-Slevogt-Strasse to the modern, needs-based facility.

Weilheim is located about 50 km southwest of Munich, near the Ammersee and the Starnberger See. The Achalaich industrial area is connected to the B2, which, as Germany’s longest federal highway, connects Berlin via Munich with Garmisch-Partenkirchen. Weilheim is also on the Munich – Garmisch-Partenkirchen railway line.

 

 

Verdion secures grocery business Mecklenburger Ernte GmbH for north German logistics scheme

By | News | No Comments

Verdion has secured fruit and vegetable producer organisation Mecklenburger Ernte for its latest project in Gallin, east of Hamburg.

The grocery business, whose majority shareholder is Behr AG, has signed a prelet for a new, 11,357 sq m development of warehousing, office and social space as well as car and HGV parking on the site at Neu-Galliner-Ring 14-16. Construction will start early next year with handover expected at the end of 2021.

In the interim, Mecklenburger Ernte has taken the existing Unit 2 at the site – a total of 10,595 sq m – while the new third unit is being constructed. Mecklenburger Ernte’s 12-year lease will transfer across to the new building on handover. BNP acted as intermediary in this deal. Unit 1 is let to DB Schenker.

Verdion acquired the asset in March 2019 as part of an ongoing £300 million investment programme for its discretionary fund, Verdion European Logistics Fund (VELF) 1. The fund is focussed on last mile and value-add logistics opportunities in Northern and Central Europe with potential for value creation through technical innovation, development and asset management activity.

  • Last month Verdion acquired a 24,000 sq m warehouse in Roosendaal on the Dutch-Belgian border for €17 million in an off-market deal for the same fund. Located in an established logistics area between Rotterdam and Antwerp the building includes 18,000 sq m let to specialist logistics company Imperial Group, together with further space for occupation and an adjacent land plot with permission for a further 10,000 sq m of new build warehouse space.
  • In Germany, it acquired a 10,000 sq m logistics building the Lower Rhine region town of Nettetal also for VELF 1. Under a three-year sale and leaseback deal with French logistics firm Egetra, the property is ideally situated for last mile logistics occupiers with potential for an additional 6,000 sq m of new development.
  • These deals follow on from Verdion’s first investment for the fund in the Czech Republic, with the completion of a €17 million forward funding of a major project for UPS in Prague, consolidating three of the company’s fulfilment centres to create a 13,600 sq m national HQ and logistics hub on land adjacent to the City Airport.

Florian Stöbe, Head of Investment Germany at Verdion, says: “Being able to provide existing space as well as launching a new strategic development on the same site showcases our skill of investing in locations that require experienced asset managers. With the transitional lease, we enabled Mecklenburger Ernte to operate and expand their business immediately from existing space while lining up a bespoke new building next door for longer-term occupation.

“Strategic locations like this one are the focus of the new fund. We are increasingly registering a rise in demand both in the stationary grocery sector as well as in online delivery, which we intend to leverage in the coming months with further investments by VELF1.”

Verdion commences €60m Hanover speculative development

By | News | No Comments

Verdion has commenced the speculative development of the remaining space its ExpoPark site in Hanover, northern Germany.

Verdion ExpoPark Hanover will bring 46,706 sq m (502,743 sq ft) of Grade A distribution, mezzanine and office space to the south-eastern edge of the city centre, with completion 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 (99,029 sq ft to 113,022 sq ft) together with ancillary offices and mezzanine space, 40 docking positions and parking for cars and HGVs.

The site is located on the south-eastern edge of Hanover city centre, close to the Hannover Messe exhibition venue and next to a 59,821 sq m (643,913 sq ft) built to suit logistics facility already developed by Verdion for Arvato Bertelsmann.

It sits at the intersection of the city’s most important north-south and east-west autobahn connections with the BAB 2, BAB 7, BAB 37, BAB 352 and nine other routes near to the site. Five minutes’ walk away is the Stockholmer Allee tram stop which connects into the city centre and other bus and rail services.

The building is being constructed to a highly specified, energy efficient design aiming for DGNB Gold certification on completion. Verdion will continue to manage the building long-term.

BNP Paribas and CBRE are brokers for the scheme.

 Verdion appoints new Head of Investment for Germany

By | News | No Comments

Verdion has appointed Florian Stöbe as its new Head of Investment for German markets, based at the firm’s Frankfurt office.

Stöbe (34) joins from Deka Immobilien Investment where he was Senior Investment Manager – Logistics, responsible for the acquisition of logistics assets and project developments in Germany, Benelux and France.  Before Deka, he held a senior logistics transaction role at Catella and previously worked with CBRE.

Michael Hughes, CEO at Verdion, said: “Institutional appetite for European logistics space continues to strengthen, with growing occupational demand further buoyed by a significant increase in online shopping during the worst of Covid-19 – especially in the grocery sector. Demand for urban logistics real estate as a long-term asset is accelerating.

“Verdion is expecting to deploy substantial further investment capital in response, particularly in Germany, Benelux and the Nordics, and this is the first of a number of senior appointments designed to strengthen our team across these key markets. Value-add investment strategies require deep, sector specific expertise, combining high technical competence and strong commercial networks. Florian has an excellent track record and will be a great asset to the team.”

As a result of these changes Verdion’s investment committee will be expanded to include the new Heads of Investment for each key territory, chaired by Verdion’s CEO. At the same time, each investment head and their teams will work closely with Verdion’s development, asset management and technical specialists across its network of European offices.

Verdion acquires first Netherlands asset with €17m last mile logistics deal

By | News | No Comments

Verdion has acquired its first asset in the Netherlands as part of a €300 million investment programme focussed on last mile opportunities in Northern Europe.

The company has acquired a 24,000 sq m warehouse in Roosendaal on the Dutch-Belgian border for €17 million in an off-market deal. Located in an established logistics area between Rotterdam and Antwerp the building includes 18,000 sq m let to specialist logistics company Imperial Group, together with further space for occupation and an adjacent land plot with permission for a further 10,000 sq m of new build warehouse space.

The deal follows on from Verdion’s first investment in the Czech Republic, with the completion of a €17 million forward funding of a major project for UPS in Prague, consolidating three of the company’s fulfilment centres to create a 13,600 sq m national HQ and logistics hub on land adjacent to the City Airport.

Other acquisitions include a 21,000 sq m property in Gallin, east of Hamburg, with 10,500 sq m let to DB Schenker on a 5-year lease with the remainder let to the same business shorter term. The property has capacity for a further 10,500 sq m of additional logistics space, which is under offer to a major grocery-related group with a planned construction programme aimed at a 2021 handover.

Also in Germany, Verdion has acquired a 10,000 sq m logistics building the Lower Rhine region town of Nettetal. Under a three-year sale and leaseback deal with French logistics firm Egetra, the property is ideally situated for last mile logistics occupiers with potential for an additional 6,000 sq m of new development.

Simon Walter, Director of Asset Management at Verdion, said: “Alongside our built to suit and logistics park activity, last mile logistics is an important investment focus for Verdion.  Online retail has never been more important, and this trend is set to continue for the long term.

“These investments, around €70 million in total so far, demonstrate our commitment to this market sector. We are particularly pleased to complete our first deal in the Netherlands: a key target alongside Germany and the Nordics. We will be deploying further capital in the coming months – investing where we can best leverage our development expertise and focus on technical innovation.”