Pan-European logistics real estate firm Verdion has expanded its development pipeline in Denmark with the acquisition of a site for a €69m project.
Verdion, investing on behalf of its second European Logistics Fund (VELF 2), has expanded into Greater Copenhagen with the new 31,096sqm speculative project, set for completion by mid-2027.
Peter Michael Tetzlaff, head of investment for the Nordics at Verdion, said: “With the recent opening of Copenhagen’s new light-rail services, longstanding commercial hubs west of the city are emerging as new residential clusters, home to increasing numbers of new residents.
“Amid this transformation, our scheme will be one of only a few new facilities retaining its industrial and logistics designation, providing modern space in an undersupplied market, and capitalising on new consumers as well as being within easy reach of the capital. It is an excellent location with enormous potential.”
John Clements, executive director and head of Nordics and UK at Verdion, said: “This acquisition marks a further step forward in our Nordics development plans, complementing major strategic parks such as E20 Park Copenhagen and the newly-announced iPort Zealand multimodal hub in Ringsted.
“We have a strong pipeline of urban logistics opportunities moving forward, responding to immediate occupier and consumer demand with a value-add approach that leverages our business’s technical expertise.”
Verdion’s VELF 2 closed at the end of 2024 with more than €300m of equity.
The fund’s activity in Denmark also includes work on a new facility for cosmetics distribution brand Sæther near the northern port city of Helsingør which will be completed in the first half of 2026, and a distribution centre in Horsens in Denmark’s triangle region that is already complete.
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