WDP Romania, the developer and owner of industrial and logistics spaces, has received the Excellence in Design for Greater Efficiency (EDGE) certification for its local stock of warehouses. EDGE was created by IFC, part of the World Bank. It helps property owners and developers build and operate green buildings in a fast and affordable way. The certifications apply to WDP warehouses ranging from 2,500 sqm to more than 60,000 sqm.
Belgian company WDP, which is developing logistics and industrial spaces, has €116 million worth ongoing projects locally, according to data from the 2020 financial report. Last year, WDP finalised 223,000 sqm of logistics after an investment of €134 million.
The industrial real estate sector in Romania will receive a boost thanks to an agreement signed between the European Bank for Reconstruction and Development (EBRD) and Warehouses De Pauw (WDP). The EBRD will provide WDP with a €150 million senior unsecured loan to support the company’s portfolio expansion in the country.
JLL has advised Rosti Romania, owned by the Swedish company Rosti Group AB, in the lease of 11,300 sqm industrial spaces in Paulesti, near Ploiesti, developed and rented out by WDP. The construction of the new production facility, announced by Rosti at the end of last year, has already started and the delivery date is set for 2021.
Profi, one of the largest retail chains in Romania, expands its logistic activities by contracting two new projects in Timisoara (58,000 sqm) and Craiova (57,000 sqm), which will be developed and rented out by Belgian logistics developer WDP. JLL has advised Profi in both transactions, thus continuing the partnership started few years ago, which resulted in 250,000 sqm of logistics space contracted in Bucharest, Roman, Cluj, Craiova and Timisoara.
IFC, a member of the World Bank Group, is providing a green financing package of approximately €205 million to Warehouses De Pauw NV (WDP), a Belgian real-estate investment trust, to support the construction of around 1 million sqm of resource-efficient semi-industrial and logistics properties across Romania. The green financing fits within a larger €750 million financing programme and includes green financing from third-party investors mobilized by IFC under its Managed Co-Lending Portfolio Program and from international commercial banks.
WDP will be constructing a new 60,000 sqm warehouse for Pirelli in Slatina, Romania as part of an expansion of the tyre manufacturer’s existing production facility. WDP projects an investment of some €40 million for this development.
Carrefour has once again opted for WDP as its real estate partner for two new WDP sites in Romania (namely in Deva and in Brazi), totalling a surface of around 80,000 sqm. Both development projects represent an investment volume of around €40 million.
The European Investment Bank (EIB) is lending €150 million to Warehouses De Pauw (WDP) to finance the construction of 43 warehouses, all located in Romania’s convergence regions. The new logistics facilities will be rented long-term, with a focus on establishing new logistics or light industrial operations. This will promote employment generation and the EU's supply chain security, resulting in particular from the rapidly growing e-commerce business platforms.
Cushman & Wakefield brokered the lease of a prominent four-storey unit of 5,500 sqm retail area in Prague on Wenceslas Square to HalfPrice, a Polish off-price brand retailer, part of the CCC Group. HalfPrice's flagship store in Prague will be the company's largest store in the world.
The global healthcare company, Falck, has chosen the Skyliner in Warsaw, owned by the Karimpol Group as its new office for their IT department in Poland. It will occupy nearly 1,500 sqm of space.
A new tenant has moved into Kraków's V.Offices office building. Imperial Brands Services has signed a lease for nearly 1,600 sqm of space. The building's owner, AFI Europe, was represented in the transaction by experts from Knight Frank, while the tenant was represented by the CBRE agency.
In September, Michal Berski took up the position of head of the warehouse sector at CBRE Poland. He has been with the company for over 10 years. In his new role, he manages strategy and the development of all business lines within the warehouse and industrial sector.
Slawomir Czarnecki is the new president of Grupa Muszkieterów and ITM Poland. He has replaced David de Bosschère. The new CEO is the owner of the Bricomarché shop in Świecie and has many years of experience in trade, as well as in the Group's internal structures.
LCP Properties, a developer in the Polish retail park market, is continuing to strengthen its organisational structure. Andrzej Plit has been appointed as the new Finance Director. Meanwhile, for the LCP-owned EMKA shopping centre in Koszalin, Daria Kokowska became the new Shopping Center Director.
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