Verdion commences €60m Hanover speculative development

09/07/2020

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.