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.
In the first nine months, the company purchased a land plot of over 60,000 sqm in Timișoara for €5 million. The land is located near a bicycle factory that supplies Decathlon. Near Bucharest, WDP invested around €4 million in a car park near its warehouses in Ștefăneștii de Jos.
Overall rental income from local operations stood at €34.7 million with a gross yield of 7.7%. In the first three quarter, WDP completed 101,000 sqm of new warehouse space across Romania. By September, the developer had 57 lettable sites covering close to 1.2 million sqm. WDP’s land bank amounts to 5.1 million sqm.
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