Verdion has an exclusive mandate from the Healthcare of Ontario Pension Plan (HOOPP) for all direct investments in European logistics property. The centrepiece of the Partnership’s development pipeline is the iPort Logistics Park which has full and long term financial backing from HOOPP.
Verdion is a major real estate investor and developer with a specialist focus on logistics warehousing in mainland Europe.
Verdion provides new buildings for Europe’s leading logistics, e-tailing and industrial companies, on a full design and financed basis. The company acquires and controls large areas of strategic development land to meet the needs of its client partners.
The company’s current development pipeline exceeds 10,000,000 sq ft (930,000 sq m) of Grade A warehouse space across the Continent with an investment value of circa €600 million.
Headquarted in London, the company also has offices in Dusseldorf and Vienna. Formerly known as Helios Europe, Verdion was formed in January 2010 by Michael Hughes.
Created in 1960, HOOPP is the pension plan of choice for Ontario’s hospital and community-based healthcare sector with over 440 participating healthcare organizations and a fund size of $47.4 billion. HOOPP’s 274,000 members include nurses, medical technicians, food services staff and laundry workers, and many other people who work hard to provide valued Ontario healthcare services.
As a defined benefit plan, HOOPP provides eligible members with a retirement income based on a formula that takes into account a member’s earnings history and length of service in the Plan. Once eligible members start receiving a pension, they receive it for life.
HOOPP is governed by a Board of Trustees with representation from the Ontario Hospital Association (OHA) and four unions: the Ontario Nurses’ Association (ONA), the Canadian Union of Public Employees (CUPE), the Ontario Public Service Employees’ Union (OPSEU), and the Service Employees International Union (SEIU). The unique governance model provides representation from both management and workers in support of the long-term interests of the Plan.