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.
Founded in 2010 by Michael Hughes, Verdion is a real estate investor, developer and asset manager specialising in European industrial and logistics real estate.
From Central London headquarters and offices in Düsseldorf, Frankfurt and Malmö, it has developed €800 million of high specification logistics and industrial space across Europe, including two 102,000 sq m customer fulfilment centres for Amazon in 2017 – one at iPort.
Its development pipeline stands at 450,000 sq m and it is continuing to acquire and control large areas of strategic development land to meet its clients’ needs.
Since 2013 it has created a €1 billion pan-European investment portfolio and it is now seeking value-add and core properties, particularly opportunities to leverage our technical innovation and development expertise to increase investment returns.
Verdion’s core focus is the end-user experience. It works closely with occupier customers, drawing on detailed, sector-based expertise to understand and fulfil their requirements, developing, managing and investing in well-located, highly specified assets with a long-term commitment.
HOOPP is the pension plan of choice for Ontario’s hospital and community-based healthcare sector with over 516 participating healthcare organisations and a fund size of $70.4 billion. HOOPP’s 321,860 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 or DB plan, HOOPP pensions are based on a formula. Members make regular contributions over the length of their career and when they retire, they receive a defined benefit: a monthly income based on how much they earned and how many years they contributed to the Plan. Once members begin receiving their benefits 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.