Verdion Opens New German Office HQ in Expansion Drive

11/03/2014

Logistics property investor and developer Verdion is expanding its team in Germany and moving to prestigious new offices at the Dusseldorf Airport City business park.

Verdion’s existing Dusseldorf office was opened in April 2012, headed by Country Manager (Germany) Andre Banschus. Andre and his team will be joined by: Chief Technical Officer, Peter Peeters; Technical Director Germany, Marc Haverkamp and; Project Assistant Anieke Thomassen.

The new office meets the needs of the Company’s continued growth and the necessary up-scaling of executive staff and resources. Verdion will close its Vienna office as the company expands its principal activities in core Central and Western European markets.

Michael Hughes, CEO of Verdion, comments: “From a standing start in 2010, Verdion has sourced and built an exceptional portfolio of developed assets and strategic development sites and a significant part of the business pipeline is in Germany. While Vienna suited us strategically at the start of the business, it now makes absolute sense to focus our mainland European operational base in Germany.”

Verdion is currently developing approximately 5 million sq ft (464,500 sq m) of high-quality logistics warehousing across Germany, Verdion is also working in Scandinavia with a 161,400 sq ft (15,000 sq m) project being developed in Denmark for one of the world’s largest 3PLs.

Michael adds: “We are continuing to look for further opportunities to acquire strategic land and develop high quality logistics facilities in core European markets, principally the UK, Germany and Scandinavia. Our attention to technical excellence makes us the ideal development and investor partner for e-tailers, retailers, large-scale manufacturers and the 3PLs that serve these core clients.”

John Clements, European Development Director, previously based in Vienna has moved to Verdion’s HQ office in London where he will be focussing on iPort, Verdion’s £400 million Strategic Rail Freight Interchange development in Doncaster, Yorkshire.

Verdion has also expanded its pan- European team with the appointment Ulrike Klein as Executive Assistant to CEO Michael Hughes.

The new German office address is:

Verdion GmbH
Airgate – Airport City
Peter-Mueller-Strasse 10
40468 Dusseldorf
T. +49 211 54 20 20

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Notes to editors

Verdion is a major real estate investor and developer with a specialist focus on logistics warehousing in mainland Europe. Its current development pipeline exceeds 10 million sq ft (929,000 sq m) of Grade A warehouse space across the Continent. The company has offices in Dusseldorf and London. Formerly known as Helios Europe, Verdion was formed in January 2010 by Michael Hughes.

Verdion has the exclusive mandate from the Healthcare of Ontario Pension Plan (HOOPP) for all direct investments in European logistics property. HOOPP is one of the largest and most successful defined pension plans in Canada with 274,858 active members and pensioners and $47.4bn in assets available for pensions.

The partnership is currently working together to develop Verdion’s Logistics schemes in the UK, Germany and Scandinavia, including the Siemens facility in Chemnitz, Germany, the 3PL facility Denmark and the 6 million sq ft (557,400 sq m) rail logistics project iPort in Doncaster, UK.

For further information, please contact:

Mike Hughes, Verdion Tel: +44 (0)20 7193 9557
Kate Titchmarsh, Flashbulb Tel: +44 (0)20 3440 4116