European logistics developer-investor Verdion has secured a 20.5 acre (8.3 hectare) site in Hanover, Germany for the Phase Two expansion of its existing logistics scheme.
European logistics developer-investor Verdion has secured a 20.5 acre (8.3 hectare) site in Hanover, Germany for the Phase Two expansion of its existing logistics scheme.
The site is located adjacent to Verdion’s 643,920 sq ft (59,820 m2) warehouse let to Arvato, part of the international Bertelsmann Group. The facility provides an e-commerce platform for luxury fashion retailing.
Phase Two will enable the construction of a further 540,000 sq ft of logistics space at the Hanover site.
'Hanover is an area of strong occupier demand and notable land scarcity,' said Michael Hughes, CEO of Verdion. 'Our initial Phase One investment and development created one of Europe’s finest ecommerce platforms. Phase Two will be attractive to many logistics, ecommerce and related outsourcing companies seeking similar high quality logistics facilities. As such, we have already received a lot of interest from potential occupiers.'
Verdion has offices in Dusseldorf and London. Formerly known as Helios Europe, Verdion was formed in January 2010 by Michael Hughes.
