UK-based real-estate developer, investor and asset manager Verdion has announced that it has commenced the speculative development of a €100m (£85.74m) industrial and logistics park near the German capital of Berlin. The move is part of the company’s Verdion European Logistics Fund 1 (VELF1).
Verdion PremierPark Ludwigsfelde will cover 150,000m² and be located close to Berlin’s ring road, a 35-minute drive from the city centre. It is being built on brownfield land.
Florian Stöbe, the head of investment for Germany at Verdion, said when announcing the move: “This is a major new park development within our VELF1 fund, aimed at a wide range of market sectors and designed to be flexible, efficient and sustainable throughout. Having seen the site shaped by decades of automotive industry activity, we are enjoying the challenge of transforming this brownfield land into a modern industrial and distribution hub powered by clean energy.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData