Belgian industrial parks developer WDP has four projects in construction in Romania

The projects will triple the company’s portfolio on the local market. The spaces are already pre-rented by the companies Yazaki, Faurecia, Siemens and DPD.

The newest project is the one in Brăila, on 16,000 sq. m, representing an investment of EUR 9 million, developed for the Japanese company Yazaki, which has the option for expansion of the leased facilities.

In Râmnicu Valcea, WDP is developing a warehouse of 12,000 sq. m for the auto parts manufacturer Faurecia. The project, with an investment value of EUR 8 million, will be completed in the first quarter of the next year.

WDP builds in Sibiu two warehouses, one near the airport, with 8,000 sq. m for Siemens and the second, of 4,500 sq. m, for the courier company DPD. The company estimates to complete the two warehouses in the second half of next year, the investment reaching EUR 5 million and EUR 3 million respectively.

The investor has completed in the third quarter a project in Brasov, where the company InterCars has doubled its already existing area, of 5,000 sq. m. InterCars signed ten years lease for the new building and extended the existing contract. The investment in this project is estimated at EUR 2 million.

Moreover, WDP invested EUR 7 million in Ploiești, where it has developed an industrial facility for a 12,000 sq. m factory of Federal-Mogul, an automotive supplier.

Therefore, WDP has currently three completed projects in Romania, with a total area of 25,953 sq. m, all fully let. Moreover, WDP owns lands in Romania of nearly 1 million sq. m, where the company intends to develop logistics and industrial projects. The portfolio in Romania is evaluated at EUR 40.3 million.

WDP is present in Belgium, the Netherlands, France and Romania, having a total of 135 completed projects, with an area of nearly 3 million sq. m and lands exceeding 6.3 million sq. m. The market value of its portfolio is nearly EUR 1.8 billion.

In Romania, WDP is competing with CTP Invest, a company registered in the Netherlands, P3, owned by American investment funds, Belgian Alinso, Globoalworth (controlled by the businessman Ioannis Papalekas) and Australia’s Valad. (source: profit.ro)