WDP has purchased several industrial projects and land plots from Globalworth and Global Vision for around €110 million.
The portfolio consists of four warehouse and light industrial projects as well as land plots with a development potential of 300,000 sqm in Bucharest region, Târgu Mureș and Constanța.
The asset in Bucharest region comprises 76,994 sqm of leasable area and is located in Chitila. In Constanța, the largest Black Sea port and a crucial strategic hub, WDP Romania acquired two existing properties totaling 41,117 sqm, along with a large plot for development. In Târgu Mureș, WDP purchased an industrial project with a leasable area of 18,263 sqm.
Earlier this year, Globalworth sold six industrial projects and a land bank in Romania to CTP for an undisclosed sum.
Following the purchase, WDP’s industrial portfolio in Romania reached 2 million sqm.
“The strategic landbank in Constanta positions WDP for long-term growth amidst the region’s projected infrastructure investments of approximately 10 billion euros. These include investments in port terminals and logistics capabilities, security and NATO presence, new highways and preparing for Schengen Area accession, bolstering its role in global trade route diversification and Black Sea access,” says Jeroen Biermans, Country Manager of WDP Romania.
Meanwhile, Global Vision has announced the launch of a new division for investment and development of green energy projects.
“This initiative aims to provide clients with green energy produced within the group itself, reinforcing commitment to sustainability. Moreover, the group is going to develop and launch its own real estate investment platform open to other investors. This platform will finance acquisitions and developments of innovative and sustainable projects identified by the group in high-potential markets in Romania and beyond, facilitating growth and expansion at international level,” said Sorin Preda, Founder of Global Vision, following the closing of the deal with WDP.
WDP has an industrial portfolio spanning 7 million sqm in European markets such as Belgium, Germany, France and Romania.
