Verdion completes €100 million Berlin industrial and logistics park

Verdion has completed development of Verdion PremierPark Berlin, a new €100 million industrial and logistics hub close to the German capital and the largest asset in its VELF 1 fund.

The 150,000 sq m former brownfield site provides market-leading commercial and light production space in a landscaped environment within the Berlin submarket of Ludwigsfelde, close to the city’s ring road (A10) and 35 minutes from its centre.

Designed to reach DGNB Platinum and with KfW40 design standards, the park is powered by clean energy including roofs ready for PV panels. Warehousing and offices have underfloor heating fed by district heating, and charging stations for electric cars and bicycles have been installed. Biodiversity improvements include new wildlife habitats and 200 new trees. A new pedestrian and cyclist entrance to/from Birkengrund bus and regional train station 150 metres away has been incorporated into its design.

Three speculatively-developed, energy-efficient buildings offer a total lettable area of 62,500 sq m including offices and mezzanine, with units from 6,500 sq m upwards and are immediately available to lease.

Simon Walter, Executive Director – Investment Management at Verdion, said: “The completion of Verdion PremierPark Berlin marks the transformation of this former IFA lorry production site into a modern industrial facility powered by clean energy and supporting businesses from a strategic location. With a focus on environmental sustainability, social responsibility and good governance, this approach to creating value from technical innovation and deep sector expertise is central to our VELF fund strategy and delivered here in its largest asset.”

Dominik Schäffer, Group Head of Asset Management at Verdion, added: “As the final large site in the highly attractive region of Ludwigsfelde and Großbeeren, this park represents a unique opportunity for businesses. Space here is high quality and flexible, designed for operational efficiency and ready to support occupiers’ evolving needs. We are seeing strong interest from occupiers/businesses from a range of market sectors, attracted to both the technical features of the park and the outstanding location/transport connectivity.”

Verdion ‘s VELF 1 fund reached final close in 2020. It is now fully invested and, together with debt, has deployed €310 million on the acquisition and enhancement of logistics assets across Germany, the Netherlands and Denmark. Capital raising  for VELF 2 continues, targeting €400 million.