Development starts at E20 Park Copenhagen
Verdion and Aviva Investors have given the green light for development to start at E20 Park Copenhagen, bringing new warehouse space to the region ready for Q2 next year.
E20 Park Copenhagen is one of Denmark’s largest logistics developments, offering a wide range of unit sizes on its 38-ha site 25 minutes away from the city centre. Over 40% of the Danish population lives within an hour’s drive of the site.
In the first phase of development, approximately 12,000 sqm of warehouse space will be constructed speculatively to meet immediate demand for modern, well-located space.
Construction will start on site in August with completion expected by April 2022 (although earlier access may be possible). The main contractor is Dansk Hal.
This first phase offers energy-efficient storage space, offices and mezzanines for up to four businesses, with unit sizes from approx. 2,500 sqm, with 10.2m headroom, 4 dock level doors, car parking and a 34m deep fenced yard. It can accommodate a total of 10,854 pallet spaces in a wide aisle configuration, with all mains services already connected and available. Lease terms are available from retained agents CBRE.
Longer-term, the park has capacity for 150,000 sq m of logistics space on the fully zoned 38ha site, with the ability to accommodate very large scale, technically complex buildings in response to growing national and international demand alongside these smaller units.
John Clements, Executive Director of Verdion, said: “The growth in ecommerce is continuing to impact all markets and we’re seeing huge demand for space at E20 Park from businesses keen for immediate occupation. This decision to start speculatively should help meet pressing requirements, and the site is already primed for development so new occupiers will have certainty of rapid delivery as well as energy-efficient new space.”
George Fraser-Harding, Fund Manager at Aviva Investors, said: “‘The decision to develop speculatively underlines our confidence in the park. We are continuing to see strong occupier demand across most markets in Europe and Copenhagen is no exception. Our partners will build some of the best quality space available in Denmark to strong sustainability standards, providing appropriate units for businesses in the area. This is an exciting step in our long-term commitment to the area.”