"2025 has had a very promising start. The broad leasing activity – across our existing portfolio, in projects under development and for new development projects – emphasises the strong fundamentals of the ector and our portfolio. This signals a recovery in demand for logistics space, despite the prevailing uncertainty due to the volatile geopolitical and macroeconomic environment. Moreover, this quarter, deals worth 320 million euros were secured, all of which were previously in exclusive negotiation phase.
With our very appealing investment pipeline of over 800 million euros, we are on track to achieve our #BLEND2027 targets. On top of that, this pipeline is fully funded and capital structure neutral upon completion. Altogether, this reaffirms our ambition: to build a unique 10+ billion euro European logistics real estate platform, with a continued focus on consistent earnings growth per share and the generation of attractive total returns", said Joost Uwents – CEO WDP.
WDP announces three new pre-let developments on its own land reserves in Ridderkerk (NL) and Bucharest-Dragomirești (RO). Jointly, these account for a total lettable area of approximately 93,000 m². The total investment budget amounts to approximately 107 million euros and will generate an average NOI yield1 of more than 7.5%.
“ 2024 has been a historic year for WDP, marked by outstanding financial and operational results, as well as significant milestones in establishing WDP as a leading European platform. The substantial investment volume of 1 billion euros, at a perfect time in the capital market cycle, highlighted by the significant expansion of our footprint in France, reinforces our European ambitions. We have also taken important steps in our organisational structure towards building a “10+ billion euros platform”. The successes of the past year have placed us in a strong position to achieve our 2027 ambition and beyond. Moreover, since the start of the year, we see an inflection point in the rental market, with improving dynamics. Complemented by long-term structural trends that remain positive, WDP is well-positioned to seize further opportunities." - Joost Uwents – CEO
Trendyol, the largest Turkish e-commerce platform, controlled by the Chinese group Alibaba, is opening in Romania a distribution center for the markets of southeast Europe in a 20,000 sqm warehouse within WDP Ștefăneștii de Jos logistic park, rented from the Polish group CCC, involved in shoe retailing.
Muler Onofrei was appointed as the Managing Partner of Global Vision’s Built to Own (BTO) Division. Muler brings extensive experience and deep knowledge of the real estate market, positioning him to effectively lead the BTO division as it delivers tailored, end-to-end real estate solutions.
WDP acquires a portfolio comprising 136,374 m² of leasable area in standing assets and a large plot for future development with total potential GLA of over 300,000 m² in Greater Bucharest, Constanta, and Targu Mures, Romania, representing an investment of around 110 million euros. The portfolio consists of three Class A warehouse and light industrial projects, let to a variety of high-class tenants. The seller is a joint venture between Globalworth and Global Vision, leading real estate investors in CEE.
Global Vision, a leading name in the Romanian real estate sector, with more than 20 years of extensive expertise in construction, development, and asset management, is proud to announce its future plans after the landmark transaction with WDP Romania, a renowned investor in the European real estate market, transaction that consisted in the sale of 136,374 sq m of leasable area and a plot of land in Constanța by the joint venture between Global Vision and Globalworth.
Real estate developers Globalworth and Global Vision are negotiating with the Belgian group WDP for the sale of three logistics parks they jointly own in Romania, according to sources in the market, a transaction that will represent the exit of Globalworth from the Romanian logistics market.
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