Verdion has fully let its 11,872m² (c. 127,789ft²) warehouse 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 10,018m² (c. 107832ft²) of warehousing plus a 1,222m² (c. 131,53ft²) mezzanine 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 8,500m² (c. 91493ft²).
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 40,000m² (c. 430,556ft²) site for its VELF 1 fund in 2021, whilst the fund reached its final close in September 2020 with around €310 million (c. £299m) to deploy and focuses on urban logistics and industrial sites with across Northern Europe, including Germany, the Netherlands and the Nordics.
Verdion head of investment for Germany Oliver Kemper 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.”
