Logistics property investor and developer Verdion, in partnership with EPISO, the real estate fund co-advised by Tristan Capital Partners and AEW Europe, has completed the construction of two buildings, totalling 55,000 sq m (592,034 sq ft) at its Link Logistics developments in Germany.
At Air Link Park Berlin, situated close to the new Berlin Brandenburg Airport at Schoenefeld, leading German logistics company Dachser GmbH & Co. KG has taken a lease on approximately 15,000 sq m (161,400 sq ft) of prime warehouse accommodation. The property totals 30,000 sq m (322,800 sq ft) with the remaining 15,000 sq m (161,400 sq ft) now available to lease. Sub division options are available with units from 5,000 sq m (53,800 sq ft) to 10,000 sq m (107,600 sq ft).
A further 30,000 sq m (322,800 sq ft) will be developed at the Air Link Park site, bringing the total developable space to 60,000 sq m (645,600 sq ft).
At Direct Link Park in Leipzig, Verdion has a delivered a 25,300 sq m (272,336 sq ft) ‘built to suit’ logistics centre for the Nagel Group, a prominent European logistics company. Nagel Group, which took occupation on 10th October, will use the highly specified temperature-controlled building to service its clients in the food logistics sector.
Direct Link Park, Leipzig, located close to Leipzig International Airport, the DHL freight hub, the Porsche factory and the A9 and A14 motorways, will provide up
to 250,000 sq m (2,690,000 sq ft) of warehouse and ancillary office space.
Michael Hughes, CEO of Verdion, says: “These tenants are two of Germany’s largest and most successful third party logistics businesses and we have worked hard to ensure that the buildings meet their exacting operational needs. We continue to build our relationship with these and other important 3pl clients and to welcome many other occupiers to the Link Logistics sites in the near future.”
Air Link Park Berlin and Direct Link Park Leipzig are two of three schemes in the Link Logistics portfolio, the third is Inter Link Park in Ingolstadt which has a developable area of 50,000 sq m (538,000 sq ft) and is located close to the Audi factory and A9 Motorway.
The Link Logistics venture was launched in Q4 2011 by the opportunistic fund EPISO, with co-investor and developer Verdion, and has a combined project end value of over €250 million. The three schemes will provide approximately 350,000 sq m (3,767,492 sq ft) of Grade A space for Europe’s leading logistics companies.
Note to editors:
Verdion is one of Europe’s most experienced development and investment companies in the logistics real estate sector. Headquartered in London and Vienna, its management team has been involved in projects in Germany, Romania, Croatia, Austria, Sweden, Slovakia, the Czech Republic, the Baltic States and the UK.
For more information please go to www.verdion.com
Tristan Capital Partners is an experienced, independent real estate investment management company specialising in core-plus and value added private equity real estate investment strategies of all property types across the UK and Continental Europe. Headquartered in London, with offices in Luxembourg, Paris, Milan and Stockholm, the firm currently manages three Pan-European real estate investment funds with total assets of €3 Billion (AUM).
For more information please visit www.tristancap.com
AEW Europe is one of the world’s leading real estate managers with €33.6 billion in direct and listed property under management in North America, Europe and Asia with 500 professionals in 13 offices. AEW is an autonomous subsidiary of Natixis Global Asset Management (NGAM), one of the 15 largest money managers in the world with €532.8 billion of assets under management worldwide as of 30 June 2011.
For more information please go to www.aeweurope.com
For further information please contact:
Kate Titchmarsh, Flashbulb Tel: +44 (0)20 3440 4116
Mike Hughes, Verdion (London) Tel: +44 (0) 207 193 9557
John Clements, Verdion (Vienna) Tel: +431 533 6020