Siemens Takes Occupation of New Production Facility In Chemnitz, Germany

18/09/2014

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Siemens Takes Occupation of New Production Facility In Chemnitz, Germany

Siemens has taken occupation of its new 366,000 sq ft (34,000 sq m) bespoke logistics and light production facility in Chemnitz, Eastern Germany.

Developed by specialist European logistics investor and developer Verdion, the building, located on the Leipziger Strasse in Chemnitz, took just ten months to construct. This new facility allows Siemens to consolidate its existing portfolio in Chemnitz moving more than 700 employers into this one building.

The multinational engineering and electronics conglomerate has invested approximately €3 million into the building services at this site and has taken an initial 10-year lease from Verdion.

Siegfried Russwurm, Member of the Managing Board of Siemens AG, comments: “With the help of Verdion we have built, here in Chemnitz, a world class facility which will help Siemens to stay at the top of its game in an increasingly demanding market as a full service provider of automation services.”

André Banschus, Verdion’s Country Manager: Germany, says: “We are very proud that we were selected to develop this project together with our tenants Siemens and thank them for their trust and the successful partnership. With the timely completion of the production facility, we have shown that Verdion is a partner you can rely on. I hope and wish that the facility offers people a safe workplace and will contribute to the further economic development of the Chemnitz region.”

The development project was majority financed by Verdion’s funding partner Healthcare of Ontario Pension Plan (HOOPP). The end value of the project is approximately €30 million.