Pan-European logistics specialist Verdion and its partner Aviva Investors have unveiled plans for E20 Park Copenhagen, a major new logistics hub south of the city.
Aviva bought the 38ha site for a price understood to be around €25 mln and is teaming up with logistics specialist Verdion to develop on the area one of the largest logistics facilities of its kind in Denmark, with capacity for 150,000 m2 of logistics space.
The park is located within 35 minutes of Copenhagen city centre, as well as its port and international airport.It will be built to the highest environmental standards, with units designed for DGNB Gold certification.
Construction will start shortly on all site infrastructure, ground works and services for the park to ensure rapid delivery of new facilities for clients with urgent space requirements.
It is Verdion’s largest development in the Nordic region and follows other successful new build logistics investments for DHL in the Copenhagen area (at Greve and Allerød) and Malmö Sweden for BMW.
Michael Hughes, CEO of Verdion, said: ‘At a time when e-commerce is experiencing huge growth and pharma remains central to the regional economy, Copenhagen is experiencing a chronic shortage of new Grade A space – demand is high for both ‘last mile’ customer delivery centres and larger and more complex logistics requirements.’
Last year, Aviva Investors identified Copenhagen as one of the top European markets for future growth. In January, the business acquired portfolio of mixed-use assets in Copenhagen, known as the Atlas Portfolio, as well as Galleri K, a mixed-use retail, leisure and office asset in the city.
George Fraser-Harding, Fund manager at Aviva Investors said: ‘This project continues our strategic focus on the European logistics market, and follows acquisitions made in the Netherlands earlier this year. As part of that strategy, we are focused on high-quality assets, in strong locations. By partnering with Verdion our belief is that these properties will be best-in-class and built with strong ESG credentials. E20 Park’s proximity to Copenhagen will be an attractive feature for many prospective occupiers, likewise the excellent links to other domestic hubs and international markets, including Germany and Sweden.’
CBRE has been appointed as leasing agent for the park.
