Verdion, Europe’s specialist logistics developer and investor, 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 (59,821 sq m) 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 a further 540,000 sq ft (50,200 sq m) of Grade A logistics space in a highly sought after location for e-commerce and 3PL companies. The site is situated in a prime location on the edge of an established industrial estate, eastward of Hanover’s Weltausstellungsallee.
Michael Hughes, CEO of Verdion, comments: “We are extremely pleased to have secured this strategic development land. Hanover is an area of strong occupier demand and notable land scarcity. 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.’