Verdion begins speculative development on German-Dutch border

Verdion begins speculative development on German-Dutch border featured image

Verdion has started development of a new €30m logistics facility on the outskirts of Nettetal near the German-Dutch border and Rhine-Ruhr metropolitan region. The speculative project is part of the value-add strategy of the Verdion European Logistics Fund (VELF) 1, which invests in last-mile logistics and value-add assets in northern and central Europe.

On completion in Q2 2023, the new facility at Herrenpfad-Süd 40 will offer 21,560 sq m of Grade A logistics space in up to four units, with 18,575 sq m of warehousing with 20 loading bays as well as 950 sq m of office and mezzanine space.

Verdion is targeting a DGNB Gold sustainability certificate for the highly energy efficient building, which will not be using fossil fuels as a primary energy source and provides charging points for electric vehicles and cycle parking for a carbon-neutral commute. Additionally, the roof and electrical infrastructure will be prepared for solar energy generation.

The site itself is located in the established Herrenpfad Süd industrial estate in Nettetal between Mönchengladbach and Venlo, directly on the German-Dutch border and within striking distance of Germany’s largest conurbation, the Rhine-Ruhr metropolitan region. Its strategic location is less than a kilometre from the A61 motorway which connects Germany and the North Sea ports, as well as being close to rail and bus connections.

Florian Stöbe, Head of Investment – Germany at Verdion, says: “Within the framework of Verdion’s sustainability strategy, we determined that rather than modernising and extending the existing building as originally planned, a full-scale redevelopment would better serve this market and meet the fund’s ESG standards. We are already seeing a great deal of interest in the new space, based on its strategic location and the strength of demand for last-mile distribution space for customers in the Rhine-Ruhr metropolitan region.”

“With this strategy in Nettetal and other assets in the VELF 1 fund coming forward, we are creating value at the same time as providing new space in undersupplied markets.”

This development is one of a number of value-add projects for Verdion’s VELF 1 fund, which is now almost fully committed. New occupiers have been secured for improved assets in Gallin, near Hamburg, and Lohfelden near Kassel. Speculative construction in Roosendaal in the Netherlands is well underway and new plans are currently being worked up for the reconfiguration of its recently-acquired 150,000 sq m logistics area in Ludwigsfelde near Berlin.

Colliers has been appointed as sole leasing agent for the Nettetal opportunity.

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