News - Page 2 of 12 - Verdion

Verdion and Xylem celebrate foundation stone laying

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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

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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

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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

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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

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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.”

Verdion restructures technical team in Germany: Marc Haverkamp returns as Technical Director

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Verdion has restructured its technical team in Germany, with the reappointment of Marc Haverkamp as Technical Director.

Haverkamp previously worked with Verdion from 2013 to 2019 managing complex development projects including a production site for Siemens in Chemnitz, the new European logistics hub for DeLaval in Gallin and two hazardous goods warehouses for Imperial. He was also responsible for delivering a 110,000 sq m regional distribution centre for Amazon near Dortmund, which was completed early in the lead-in to 2017 Christmas trading. Before joining Verdion Marc was a technical real estate project manager for large projects at the REWE Group.

In his new senior role, Marc will focus on the company’s investment portfolio and other development initiatives, enabling the business to expand both its ‘value-add’ and new build programmes.

Marc will work alongside Marco Rauch who joined Verdion in August 2019 and now heads up delivery of the company’s build-to-suit investment and development programme. Verdion has recently handed over a new facility for HAVI near Hanover and started work for Dachser on a sustainable distribution centre in the Bavarian town of Hof. It is also bringing forward a production and research facility for Xylem Analytics in Bavaria, which is set to complete in spring 2021.

Marek Kubica will continue his responsibilities as Technical Director for the UK and the Nordics, including overseeing Verdion’s €600 million UK rail-connected iPort project in Doncaster, where major tenants, including Amazon, have to date taken over 350,000 sq m of new logistics space.

André Banschus, Executive Director at Verdion, commented: “With an increasing pipeline of development and investment activity in Germany, Benelux and the Nordics, Verdion has restructured its technical team, meaning Marco Rauch can now fully lead our build-to-suit business while Marc Haverkamp can focus on our investment work, with an emphasis on ‘value-add’ investing and land development strategies.

“Technical expertise remains one of Verdion’s core principles. These changes enable us to continue our programme of investment and development to the highest possible standards.”

Speculative development begins on Verdion AirPark Berlin final phase

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Verdion has started work on the third and final phase of Verdion Airpark Berlin – its largest logistics park development in Germany. Four new buildings are being brought forward speculatively, each offering 54,000 sq ft (5,000 sq m) of space. Completion is planned for the second quarter of 2020.

Located 30 minutes from Central Berlin and close to Schönefeld Airport, each new building will be highly energy-efficient, as well as offering five loading bays, a floor load capacity of 50 kN/sq m, office space, and common areas. The space can be configured flexibly to suit tenants’ needs.

Phase 1 of the park originally completed in 2016, with a total of 317,500 sq ft

(29,500 sq m) occupied by food delivery service Bringmeister, metalworking company PUK, and international logistics group DACHSER SE. Phase 2 – 238,500 sq ft (22,150 sq m) – was completed in 2018, with half of the space leased to DÜRKOP GmbH, an auto repair parts supplier for many leading car brands, and the other half leased to Streiff & Helmold, a railroad services provider. Most recently Verdion has leased a second building on the park, a 107,500-sq-ft (10,000-sq-m) logistics facility, to Dachser SE.

“Urban logistics facilities are in demand as never before,” says Stephan Dalbeck, Business and Portfolio Director at Verdion. “Whether for online retailers promising same-day delivery, perishable products, or time-sensitive pharmaceuticals: when it comes to offering close-range access to the Berlin market, there is currently no other logistics development that is closer to the city centre.

“The space is particularly suited to Berlin’s many smaller companies and rapidly growing start-ups. Because speed to market is increasingly essential for so many companies, we have undertaken this development project on a speculative basis. At the same time, the buildings have been designed to offer flexibility so that each one can be configured each individual occupier’s needs.”

Construction is being managed by LIST Bau Nordhorn as general contractor. Other key partners in the project are tricer management GmbH as project manager and Architekturbüro Kühling as project architect.

Verdion and LIST GROUP bring forward new logistics centre for Dachser in Hof

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The LIST Group and Verdion have agreed to bring forward a new facility for logistics firm Dachser SE at Hof in the German state of Bavaria.

The 231,964 sq ft (21,550 sq m) logistics facility, which will offer space for around 39,000 pallets and includes a three-storey office building, is being built on a 458,546 sq ft (42,600 sq m) site on Hermann-and-Bertl-Müller-Strasse, close to an existing 269,100 sq ft (25,000 sq m) Dachser logistics centre.

From Hof, Dachser serves medium-sized customers from the DIY and garden centre sectors as well as from the industrial goods and food sectors. The company is expanding its presence in Hof and will employ around 500 people here once the project is complete. In addition, around 300 people work regularly for Dachser at the site through independent transport companies or as seasonal workers.

Verdion is developing the project with LIST Develop Commercial. Contractor LIST Bau Nordhorn is constructing the new logistics property on a turnkey basis.

André Banschus, Executive Director of Verdion, said: “We are pleased to be working with Dachser once again and bringing forward this project with the LIST Group to the highest standards. In addition to storage space, the new property also offers space for packaging and thus ideally complements the existing Dachser portfolio.”

Michael Garstka, Managing Director of LIST Develop Commercial added: “We are happy to have a modern property here in Hof with experienced partners like Verdion and LIST Bau Nordhorn at our side to realise this project for Dachser.”

“With the expansion, we are taking the next important step with one of our large DIY customers from the DIY sector in the region,” says Alexander Tonn, Managing Director European Logistics Germany, who is responsible for the German business with industrial goods at Dachser. “Together we are implementing a future-oriented, growth-oriented logistics concept in Hof.”

Sustainability is a key feature of the project with sustainably-sourced wood playing an important role, in the construction of the building’s roof structure. “Wood has a much better carbon footprint than concrete. Each cubic metre of laminated timber binds about one ton of CO2 and removes it from the atmosphere. The roof structure will absorb 1,198 tons of CO2 in the Hof facility. That’s as much as around 108 Germans emit in a year,” explains Andreas Brockhaus, Managing Director of LIST Bau Nordhorn. The wood that is used for the construction comes from sustainably-cultivated German forests.

Completion is expected in autumn 2020.

 

Early handover for Verdion and Tritax EuroBox’s HAVI development

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Verdion and London-listed Tritax EuroBox plc have today handed over a specialist cold storage and logistics facility in Wunstorf near Hanover, Germany, to occupier HAVI Logistics GmbH.

The property on Adolf-Oesterheld-Strasse includes a 9,000 sq m (96,876 sq ft) cold storage facility for groceries, 6,000 sq m (645,584 sq ft) of logistics space and 1,000 sq m (10,764 sq ft) of office and community space.

Verdion started work on the asset eleven months ago and has handed the project over four weeks early.

Duisburg-based HAVI Logistics, a subsidiary of US-headquartered The HAVI Group, took out a 15-year lease on the asset. The food service logistics firm serves restaurants and convenience stores, with clients including McDonald’s, KFC, Nordsee and Vapiano. It will employ around 200 people at the site.

“A major focus of the development was the technical expertise needed to meet HAVI’s sustainability requirements,” said Stephan Dalbeck, Business Development Director at Verdion. “In addition to a low-energy and sustainable building design, we implemented the spatial and technical requirements for CO2-neutral cooling systems and waste heat recovery, for example, harnessing our longstanding experience in the built-to-suit market.”

The property received a sustainability certificate in Gold from DGNB, the German Sustainable Building Council.

Roland Schmidt, Chairman of the Board of HAVI Logistics Germany, added: “This distribution center is not only HAVI’s first location in Lower Saxony but also represents a major milestone in our sustainability strategy.” Verdion and HAVI also installed a liquefied natural gas filling station at the site to serve HAVI’s growing LNG-fueled truck fleet. The company plans to reduce carbon emission per ton delivered by 40 percent until 2030.

Tritax EuroBox bought this asset in a pre-let forward funded deal for EUR 27.5m at the end of last year. Nick Preston, Fund Manager at Tritax EuroBox said: “A core strand of our investment strategy is to focus on acquiring high-quality, sustainable logistics assets strategically located in established prime logistics locations in Europe. Let to the strong tenant Havi Logistics for the next fifteen years, we believe that this investment will generate an attractive income return for our investors.”

KLEBL GmbH acted as general contractor, tricer management GmbH as project manager and Büro Kühling as architect in the development. JLL acted as broker for the site and the project.