Verdion has agreed the forward funding of a state-of-the-art new warehouse development in the Danish region of Jutland with third party logistics provider System Transport A/S.
Located close to highway E45 in Vejle North, part of Jutland’s Triangle Region, the built to suit facility will comprise 26,300 sqm of sustainable, high specification warehousing, logistics and office space on a 62,707 sqm plot.
Verdion’s European Logistics Fund 1 (VELF 1) has acquired the site and will fund the project. Construction will begin in January 2023; undertaken by KT Erhvervsbyg, with Verdion monitoring and advising on technical matters during this process. When development completes in April 2024, the asset will be owned by VELF 1 and managed by Verdion, with System Transport A/S occupying the new facility on a 10-year lease term.
ESG has been a major part of its design development and the new facility will target DGNB Silver, with features including air-to-air heat pumps, a focus on air tightness and solar panels on the roof (annual production of 738,400 kWh/year) which will minimise carbon emission, as well as lowering running costs. It is estimated that the range of ESG initiatives will save Systems Transport more than DKK 85/sqm pa. in consumption costs compared to standard warehouse buildings.
Peter Michael Tetzlaff, Head of Investment – Nordics, at Verdion, said: “This transaction further extends Verdion’s portfolio in the Nordics and increases our holdings in Denmark’s important Triangle region. The design, specification and sustainability features of the new facility, as well as its strategic location, make it an attractive investment for the fund. The Nordics remains a growth area for our business and despite the challenging market we have a strong pipeline of opportunities for the year ahead.”
Bruun & Hjejle advised Verdion, while Accura advised System Transport. Colliers brokered the deal.