WDP Strengthens Urban Logistics Network

Leading logistics real estate developer WDP has announced a major investment in the Belgian market, investing €30 million to acquire five urban distribution sites. This strategic move is aimed at bolstering WDP's food logistics portfolio and enhancing its network within urban areas.

Key Details of the Acquisition

The acquisition encompasses five properties strategically located in urban centers across Belgium. Together, these sites offer a total lettable area of 25,000 m², providing significant capacity for distribution and logistics operations closer to end consumers.

Long-Term Stability and Key Tenants

A notable aspect of this acquisition is the immediate and long-term lease status of the properties. The sites are fully leased under long-term agreements to key players in the food and catering sector: Sligro and Horeca Van Zon. This ensures stable, predictable income streams and highlights WDP's focus on partnering with established businesses.

Investment Method

The €30 million investment was facilitated through an in-kind contribution of the properties. In exchange for the real estate assets, new WDP shares were issued, aligning the interests of the previous owners with WDP's future growth.

Focus on Food Logistics and Urban Distribution

This investment underscores the growing importance of urban logistics, particularly for sectors like food distribution which require efficient, last-mile delivery capabilities. By acquiring sites within or close to urban centers, WDP is well-positioned to support tenants requiring rapid access to densely populated areas.

What This Means for Businesses Seeking Logistics Space

WDP's continued expansion, particularly in specialized sectors like food logistics and in high-demand urban locations, signals their active role in shaping the modern logistics landscape. For businesses seeking warehouse or distribution space, WDP's growing, well-leased portfolio indicates a robust and reliable partner with strategic assets. While these specific acquired sites are fully leased, WDP's investment activity reflects ongoing opportunities and strategic positioning within the market that could benefit future tenants.

Source: warehouselogistiek.eu