WDP has €116 million worth ongoing projects in Romania

29
Jan
2021
News - WDP has €116 million worth ongoing projects in Romania #investment #Romania #warehouse #WDP

by Property Forum | Industrial

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.


WDP has under construction new warehouses with an area of ​​188,000 sqm all over the country. The company will deliver this year a warehouse of 22,000 sqm for the retailer LPP, and one of 10,000 sqm for Decathlon, both in the logistics park from Ștefăneștii de Jos. Two warehouses of 58,000 sqm in Craiova and another of 12,000 sqm in Roman will also be delivered for Profi retailer. Another 11,000 sqm warehouse for Rosti in Paulesti is scheduled for delivery this year.

€10 million are allocated for new projects: one of 2,200 sqm at Cluj for FedEx and one of 15,600 sqm near Bucharest for Eobuwie.

Locally, the company has a portfolio of over 1 million sqm of logistics and industrial space, valued at €742 million and has a market share of 21%. 




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New leases

  • IAG GBS Poland, the shared services arm of the International Airlines Group (IAG), has finalised a lease renewal for 2,246 sqm of office space within the O3 Business Campus in Krakow. The decision to remain in the current location followed a comprehensive market analysis and workplace audit conducted by Savills.
  • Golden Star Estate has secured two ground-floor tenants at its Warsaw-based Konstruktorska Business Center. 5 SENSES has signed as the new canteen operator, occupying 560 sqm of ground-floor retail space. Concurrently, CONTRACT Meble Biurowe has extended its commitment to the property. The firm, which has operated a publicly accessible showroom at the site since 2021, renewed its lease for 350 sqm on the ground floor.
  • American retailer GAP entered the Romanian market at Fashion House Militari, followed by the launch of an Italian Stefanel store at Fashion House Pallady, with a further Stefanel location scheduled to open shortly in Militari.

New appointments

  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.


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