ARTICLES LABELLED WITH TAG WDP

Industrial developer WDP has purchased wholesale retail park Expo Market Doraly from ARA Europe and Romanian investor Gheorghe Iaciu for an undisclosed sum.

Industrial developer WDP has become the owner of a warehouse in Mioveni, near Pitești, following a sale-and-lease-back deal with SFC Solutions Automotive Romania, a producer of rubber profiles for the automotive sector.  

Industrial developer WDP saw a 15.2% growth of its rental income to €80.9 million in the first quarter of 2023 compared to the same period of last year, while its EPRA earnings rose 18% to €62.7 million in the same period, according to a company report. 

WDP, the industrial and logistics projects developer, recorded EPRA earnings of €175.9 million in the first nine months of the year, up 17% compared to the same period of 2021. This was generated by the pre-let of new projects and organic growth via the indexation of leases as well as newly realized acquisitions and some non-recurring income. 

Industrial developer WDP has purchased Arad Business Park, with a leasable area of around 42,000 sqm, for an undisclosed sum in a transaction brokered by real estate consultancy Colliers. 

Leasing volumes in the Romanian industrial and logistics market rose by 50% to 542,000 sqm compared to the same period of last year, with more than half of the activity being generated around Bucharest.

With around 122,000 sqm of new industrial space under development in Romania, WDP is seeing growing demand across its entire portfolio. Property Forum talked to Gijs Klomp, Business Development Manager at WDP Romania, about the new demand drivers and the investment potential in areas where infrastructure development is accelerating.

WDP, the industrial and logistics projects developer, has appointed Gijs Klomp as the new Business Development Manager in Romania.  

Belgian WDP, the developer of industrial and logistics projects, says it has ongoing investments of around €102 million in several Romanian cities with deliveries expected by the first quarter of 2022.

Domestic investors own some of the largest office projects that are under development in Romania, although international players have the biggest portfolios in the market.