€200m Copenhagen logistics park plans unveiled

Pan-European logistics specialist Verdion and its partner Aviva Investors have unveiled plans for E20 Park Copenhagen, a major new logistics hub south of the city.

The scheme is one of the largest of its kind in Denmark, with capacity for 150,000 sq m of logistics space on the 38ha site owned by Aviva Investors.

The park will be located within 35 minutes of Copenhagen city centre, as well as its port and international airport. Warehouse and distribution units will be available from 5,000 sq m, aimed at national and international firms seeking Grade A warehouse space near the city. Smaller flexible units from 2,500 sq m+ for local businesses and startups will also be delivered. Ancillary office space, shared services, car and HGV parking will form part of this 38-ha fully zoned employment site. The goal is to attract both large and small companies, particularly those in e-commerce and the pharmaceutical industry.

It will be built to the highest environmental standards, with units designed for DGNB Gold certification. The surrounding environment will be fully landscaped, with green spaces, water features and outdoor leisure space incorporated into the overall design, to provide health and wellbeing opportunities for all of the park’s users. High-quality cycle routes will connect the park to nearby residential areas and public transport links.

Construction will start shortly on all site infrastructure, ground works and services for the park to ensure rapid delivery of new facilities for clients with urgent space requirements.

It is Verdion’s largest development in the Nordic region and follows other successful new build logistics investments for DHL in the Copenhagen area (at Greve and Allerød) and Malmö Sweden for BMW.

Michael Hughes, CEO of Verdion, said: “At a time when e-commerce is experiencing huge growth and pharma remains central to the regional economy, Copenhagen is experiencing a chronic shortage of new Grade A space – demand is high for both ‘last mile’ customer delivery centres and larger and more complex logistics requirements.

“Here we have the opportunity to help fulfil this demand on a major scale, with a focus on speed to market and the flexibility to build high quality facilities that precisely meet our customers’ requirements. More than 2 million people are within an hour’s drive-time of the site and there is nothing closer to Copenhagen city centre that can offer the scope, size and park environment quality of the logistics facilities we can deliver near Solrød.”

Last year, Aviva Investors identified Copenhagen as one of the top European markets for future growth and therefore a location it is strategically committed to within its overall investment strategy. In January, the business acquired portfolio of mixed-use assets in Copenhagen, known as the Atlas Portfolio, as well as Galleri K, a mixed-use retail, leisure and office asset in the city.

George Fraser-Harding, Fund Manager at Aviva Investors said: “This project continues our strategic focus on the European logistics market, and follows acquisitions made in the Netherlands earlier this year. As part of that strategy, we are focused on high-quality assets, in strong locations. By partnering with Verdion our belief is that these properties will be best-in-class and built with strong ESG credentials. E20 Park’s proximity to Copenhagen will be an attractive feature for many prospective occupiers, likewise the excellent links to other domestic hubs and international markets, including Germany and Sweden.”

(14.09.20)

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