PRESS RELEASE
25 June 2025, 07:00 CEST
WDP deploys land reserve for large-scale pre-let development of 54,000 m²
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WDP will commence the development of a new, sustainable distribution centre of approximately 54,000 m² at WDP Park Bucharest - Ștefănești in Romania. This development, targeting a BREEAM Outstanding rating, will be built for an existing client and reflects WDP's long-term partnership with a successful international retailer. This development draws on WDP's land bank to deliver scalable, future-proof solutions that support our clients' supply chain at every stage of their growth journey. The investment budget amounts to approximately 40 million euros. The projected return meets WDP's target hurdle rate for new developments in Romania. Following completion at the end of 2026, the new development will be leased under a long-term, fixed triple-net lease agreement with a minimum of 15 years.
This greenfield development demonstrates WDP's ability to leverage its land bank, sector expertise and commercial strength. By tailoring cross-border solutions, WDP deepens both client relationships and retention. Despite global uncertainty, resilient and growing consumer demand continues to shape the Romanian economic landscape. In this context, WDP remains well-positioned to support the supply chain of leading retailers - growing alongside long-standing partners, and deepening partnerships built over more than a decade.
Jeroen Biermans - Country Manager WDP Romania
Strategically located and sustainably designed
The new 54,000 m² distribution centre will be located on a approx. 15 ha plot at WDP Park Bucharest - Ștefănești. In addition, the site offers over 20,000 m² of potential GLA expansion.
The warehouse, with construction scheduled to start in early 2026, will meet the highest sustainability standards and will be equipped with features such as photovoltaic panels, aiming for a BREEAM
Outstanding certification. The WDP Park Bucharest - Ștefănești - counting over 400,000 m² of GLA - has a prime location with optimal connectivity to the Romanian capital, the ring roads and the main local markets.
Continuous replenishment of pre-let development pipeline
By continuously adding new pre-let projects to its development pipeline, WDP maintains strong momentum toward delivering consistent, long-term earnings growth per share. Year-to-date, 150,000 m² of new pre-let projects have been added to its development pipeline on own land reserves, allowing WDP to actively deploy and crystalise value from its existing land bank - while replenishing the pipeline to secure future growth.
More information
WDP NV/SA Joost Uwents - CEO
Blakebergen 15 Mickael Van den Hauwe - CFO
B-1861 Wolvertem Alexander Makar - Head of IR & Capital markets
https://www.wdp.eu investorrelations@wdp.eu
WDP develops and invests in logistics real estate (warehouses and offices). WDP's property portfolio comprises more than 8 million m². This international portfolio of semi-industrial and logistics buildings is spread over more than 350 sites at prime logistics locations for storage and distribution in Belgium, the Netherlands, France, Luxembourg, Germany and Romania.
WDP NV/SA - BE-REIT (public regulated real estate company under Belgian law).
Company number 0417.199.869 (Register of legal Entities of Brussels, Dutch section)
WDP is listed on Euronext Brussels (BEL 20) and Amsterdam (AMX) and is, among other things, part of the European Real Estate Association (EPRA), MSCI, STOXX, and the Dow Jones Sustainability Index (DJSI).
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Press Release - 25 June 2025