ARTICLES LABELLED WITH TAG WDP

Law firm PeliPartners has assisted WDP in the acquisition of several industrial projects and a landbank from Globalworth and Global Vision. 

WDP has purchased several industrial projects and land plots from Globalworth and Global Vision for around €110 million. 

Gijs Klomp, Business Development Manager at WDP Romania, talked to Property Forum about the company’s more than €90 million development pipeline on the local market and the outlook of the industrial sector on rents and new demand.

The estimated volume of new industrial deliveries in Romania is set to exceed 500,000 sqm in H2 2024, which would add to the existing stock of 7.1 million sqm.

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.