Verdion leases Leipzig logistics asset completing VELF 1 speculative development leasing programme

Verdion has fully let its 11,872 sq m warehouse in in Leipzig, completing its Verdion European Logistics Fund 1 (VELF 1) speculative development leasing programme.

A major textile service provider has taken a long-term lease for the entire building – which includes 10,018 sq m of warehousing plus a 1,222 sq m mezzanine as well as 632 sq m of offices and has been certified to the DGNB Gold sustainability standard.

A separate, adjacent building on the site is occupied by overnight express service provider nox and extends to 8,500 sq m.

The asset is located in the Lützen-Zorbau area south west of the city centre, between the A9 and A38 motorways and close to the A14 and Leipzig/Halle Airport.

Verdion acquired the 40,000 sq m site for its VELF 1 fund in 2021.The fund reached its final close in September 2020 with around €310 million to deploy and focuses on urban logistics and industrial sites with across Northern Europe, including Germany, the Netherlands and the Nordics. Executing its value-add strategy, Verdion developed this newly-leased warehouse within the existing site as well as refurbishing the original 8,500 sq m building and regearing the occupier’s lease for a term of 10 years.

Sebastian Achten, Leasing & Development Director at Verdion said: “This high-quality facility near Leipzig combines excellent sustainability credentials with outstanding connectivity to Germany’s national transport network making it a modern, efficient base to meet logistics requirements and support wider business operations.”

Oliver Kemper, Head of Investment – Germany, at Verdion said: “The full leasing of all VELF 1 speculative development is a further important milestone in the execution of our fund strategy: acquiring, transforming, leasing and stabilising high-quality logistics assets ahead of the phased disposals that are delivering value for the fund’s investors. By creating assets that meet the evolving requirements of both occupiers and institutional capital, we are generating value throughout the investment lifecycle as well as attracting strong interest as each property is brought to market.”

Verdion is simultaneously continuing to deploy capital through its VELF 2 fund. Acquisitions in Cologne, Munich, Copenhagen and Stockholm since the start of 2026 are set to deliver more than €350 million of new logistics assets in strategic locations close to major urban centres, building on initial investments across Germany and the Nordics between 2023 and 2025 and further extending Verdion’s European pipeline.

Realogis brokered the deal.