Verdion appoints key executive and opens new office in Dusseldorf, Germany

06/11/2012

Logistics property investor and developer Verdion is continuing its expansion drive in Germany with the appointment of a key executive and the opening of a new office in Dusseldorf. André Banschus has joined as Country Manager: Germany.

André has over 10 years’ experience working within the European logistics sector, having held senior positions with leading firms throughout Europe including Prologis, Eurinpro (now Goodman), Goldbeck and Parkridge. With a wealth of experience in Northern, Central and Eastern Europe, principally Germany, Sweden and the Czech Republic, André has personally overseen the development of over 18 million sq ft (1.67 million sq m) of logistics space across the continent.

Michael Hughes, founder and CEO of Verdion, says: “We are extremely pleased to welcome André into the Verdion business. His expertise and extensive track record will help ensure our continued success in the important and growing German market.”

Verdion is currently developing 3,767,368 sq ft (350,000 sq m) of Grade A logistics and office space in three locations in Germany. The Link Logistics project, launched in February this year, has a combined project end value of over €250 million comprising Direct Link Park in Leipzig, Air Link Park in Berlin which is adjacent to the new Berlin Brandenburg Airport and Inter Link Park, Ingolstadt, close to the Audi HQ and A9 motorway in Bavaria. Verdion has already secured two pre-lets at Leipzig and Ingolstadt to European logistics giants the Nagel Group and Dachser, totalling 433,800 sq ft (40,300 sq m).

Hughes continues: “This latest appointment will be further augmented with leading executives in the coming months as the company continues to secure sustained growth in continental Europe and the UK.”

NOTES TO EDITORS:

Verdion is a real estate investor and development company with specialist focus on logistics warehousing in the UK and mainland Europe. Headquartered in London and Vienna and with offices in Germany, the Company is backed by major UK financial institutions and has several joint ventures including Project Link with AEW Europe and Tristan Capital. The management team has extensive industry experience in the logistics sector, throughout the UK, Northern and Central Europe.

For further information, please contact:

Verdion- London Tel: +44 (0)20 7193 9557

Verdion- Vienna Tel: +431 551 6020

Verdion- Germany Tel +49 30 8939 9998

Kate Titchmarsh, Flashbulb Public Relations Tel: +44 (0)20 3440 4116