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.
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.
Deloitte Romania assisted the Belgian industrial and logistics real estate developer WDP in the acquisition of Global Logistics Chitila, Targu Mures Logistics Hub and Black Sea Vision, from a joint venture between Globalworth and Global Vision. The three acquired entities own a portfolio of assets comprising three warehouse projects of 136,374 sqm and a large plot of land in Constanta, with a total potential gross leasable area (GLA) of over 300,000 sqm, for development in the near future. The transaction was signed in June and closed in July 2024, having an estimated value of 110 million euros.
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.
Real estate consultancy company iO Partners announces the successful closing of the sale of Expo Market Doraly to WDP. The iO Partners team advised the sellers – ARA Europe and the Romanian investor Gheorghe Iaciu, who founded Expo Market Doraly in 1993.
Warehouses de Pauw (WDP), a real estate developer active in the logistics market, recorded in the first nine months of 2022 an investment volume of approximately 430 million euros (Q3 2022: 170 million euros), consisting of new projects and land, acquisitions of existing buildings, to which are added investments in the energy transition in addition to the strategic investment plan in the purchase of 10% of Catena shares.
The CCC Group, the Polish footwear retailer, is expanding its logistics center in the WDP Ștefăneștii de Jos park to serve the online retailers epantofi.ro and Modivo. The new warehouse will become a regional center dedicated to Romania, Bulgaria and Greece, markets from which the group hopes to achieve 80 percent of its total revenues.
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