In Romania, WDP is announcing three projects for new clients via its joint venture WDP Development RO. On the one hand, a distribution centre for Decathlon will be constructed on a newly acquired plot to the north of Bucharest. The project consists of a warehouse with a surface area of around 22,000 m² with a mezzanine of an additional 6,000 m² plus another 10,000 m² for further expansion. Decathlon will supply its shops from this location and has subscribed to a lease of 30 years (with first termination date after 7 years). Completion is projected for the first half of 2017.
On the other hand, an agreement has been signed for the development of two new construction projects on a new plot in Cluj-Napoca for logistics service providers KLG and Gebrüder-Weiss, of 5,000 m² and 2,400 m² respectively (with additional expansion in the future). After completion, the property portfolio of WDP in Romania will be expanded to a total of 15 buildings, in total around 150,000 m². The total assets, including land and solar panel parks, thus achieve a value of more than 150 million euros.
After the realisation of these projects, the value of WDP’s property portfolio in Romania (including the solar panel parks) will increase to more than 150 million euros. This increase reflects the recent revival and strong growth potential of the Romanian economy in the coming four years. With 15 buildings at nine strategic locations, a customised property solution is currently being offered to production and logistics companies such as Siemens, DPD, Federal Mogul, Roquet, Beckaert Deslee, Faurecia, Yazaki, Emag, Pelzer-Pimsa, Inter Cars, Quehenberger Logistics and Röchling based on long-term leases. The property is thus being made available to companies from a variety of sectors. Additionally, solar panels were installed on the land of the sites of Sarulesti and Fundulea, as well as on the roofs of a number of sites, together generating a capacity of 15 MWp.
Tags:Logistics real estate, Real estate, WDP, WDP Development