Today, Verdion has laid the foundation stone for Imperial Logistics’ new hazardous materials warehouse in Niedersachsenpark in the municipality of Rieste near Osnabrück. At present, a 12,500 m² hazardous materials warehouse and 750 m² of office space are being built there.
The two-digit million dollar project development was funded by the Canadian pension fund Healthcare of Ontario Pension Plan (HOOPP), which partners with Verdion to finance, develop and manage logistics properties across Europe. The property in Niedersachsenpark will continue to be held by the institutional investor and managed by Verdion.
Imperial Logistics specializes in the storage of hazardous substances.
The operational start of the built-to-suit project is scheduled for early December this year.
Stephan Dalbeck, Business and Portfolio Director at Verdion: “The project in Niedersachsenpark is already our second for Imperial Logistics. Last year, we completed a hazardous materials warehouse for the chemical specialist at the Hansa Business Park in Münster. Verdion has been able to efficiently implement the special tenant requirements in both projects through its many years of experience, for example in the consideration of legal framework conditions in the development of hazardous material properties. “
“Already with the first project in the Hansa Business Park, we were able to fully rely on the expertise of Verdion as a future tenant,” confirms Michael Pohl, Director Warehousing & Distribution at Imperial Logistics.
Kögel & Nunne is the general contractor, Tricer the project manager and the office Kühling the architect involved in the development.