Verdion completes VELF 2 Denmark development

Verdion has completed development of the first asset in its VELF 2 fund, a new logistics facility in Horsens, Denmark.

The facility is located in Business Park Vega, part of the City’s growing and strategic western logistics area. Global transport and logistics operator DSV is developing the adjacent site into one of Europe’s largest logistics clusters.

12,768 sq m has been pre-let to established ladieswear brand Zizzi, which is relocating from Billund. The remaining 15,344 sq m is available to lease, providing high-quality warehousing, offices and welfare areas.  Verdion is targeting the DGNB Gold sustainability rating with high levels of sustainability and energy efficiency throughout.

Simon Walter, Executive Director – Investment Management, Verdion said: “This is one of many acquisitions we expect to make in Denmark, Sweden, Germany and the Netherlands over the next few years for the  VELF 2 fund. Investment is focussed on opportunities for value-add, leveraging Verdion’s technical expertise and local market knowledge to deliver future-proofed core properties in established logistics nodes across Northern Europe. This acquisition was particularly attractive and we continue to see great potential in Jutland, as well as Greater Copenhagen and other strategic locations throughout Denmark.”

Verdion’s first fund, VELF 1, 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.