Verdion divests logistics facility in Germany

Verdion has sold a 21,600 m2 logistics facility in Nettetal, Germany to Irish Life Investment Managers and Aberdeen Investments. 

Nettetal logistics facility

The flexible facility offers 18,616 m2 of warehouse space with a 2,035 m2 mezzanine, plus 996 m2 of office and social areas, and can accommodate up to four tenants. 
Built to high energy-efficiency standards (KfW EH 40 and DGNB Gold certified), it features a fossil-fuel-free energy supply, a solar-panel-ready roof (currently being installed), and EV charging stations.
Located within the Herrenpfad-Süd industrial estate between Venlo and Mönchengladbach, the redeveloped site is less than a kilometre from the A61 motorway, connecting the Netherlands and southwestern Germany, and offers easy access to rail, bus, and the Duisburg inland port.
Before the redevelopment was finished in 2023, Verdion pre-leased the facility to Advanced Supply Chain (ASC), a subsidiary of Reconomy, which provides supply chain solutions for major retailers and consumer brands.
Simon Walter, executive director – Investment Management, at Verdion said: “Our business plan is now fully executed, repurposing an underutilised site and more than doubling its leasable area with a modern, energy-efficient warehouse that has attracted an expanding supply chain services business for its German market entry. The disposal is in line with the fund’s strategy to return further value to our investors following stabilisation of the asset. At the same time, Verdion continues to deploy capital at a greater scale for our second value-add fund, acquiring and repositioning under-capitalised and under-managed logistics properties in established locations across Northern Europe.”
Paul Baragwanath, senior fund manager at Irish Life Investment Managers, stated: “This asset is strategically located in Western Germany close to the Dutch border, has strong sustainability features and solid industrial fundamentals, which all complement ILIM’s Pan-European real estate strategy. We are actively looking to deploy more capital this year across sectors and key gateway cities in Europe.”
Magnus Jeuck, senior transaction manager for Germany, Poland and Austria at Aberdeen Investments, added: “Following the initial acquisitions in Leipzig and Munich for ILIM, we are delighted to expand the German portfolio with this core property. It combines an attractive location with optimal third-party usability, long-term cash flow, and an above-average ESG profile.”
This newly built asset was part of Verdion's European Logistics Fund 1 (VELF 1), which has invested over €300 mln in 11 logistics properties across Germany, the Netherlands, Denmark and Czechia.
This is the second asset the fund has sold, following the 2022 sale of a Prague Airport logistics facility occupied by UPS.
Construction is progressing on a new distribution centre for Sæther cosmetics near Helsingør, Denmark, while a €33.5 mln, DGNB Gold-certified facility in Horsens has already been finished.
JLL and GSK (legal) advised Verdion on the sale, while Baker Tilly (legal), CBRE (technical, ESG, and valuation), and Colliers advised Aberdeen.