The park is rented by Profi and was delivered last year.
WdP and CTP are the most active developers of industrial and logistics parks in Romania with portfolios over one million square meters of completed projects, or about one third of the country's stock.
WDP also bought this year, with 21 million euros, the Dunca Logistics Center, about 37,000 square meters of Timisoara, from Dunca Imobiliare, a project where P&G is the main tenant.
The company recently announced that it will build two new warehouses near Bucharest, in Ştefăneştii de Jos, with a total area of approximately 80,000 square meters, of which a 58,000 square-meter building will be completed in stages by the beginning of 2020 and will be occupied for ten years by the Metro retailer.
WdP will build a new warehouse in Buzau for Ursus Breweries, about 20,000 square meters, near the existing beer factories, leased for ten years. The investment budget is in this case about 10 million euros. After the completion of this new investment package, the total value of the real estate portfolio will reach about 450 million euros, close to 500 million euros (15% of the total portfolio of WdP) by the end of 2019.
Thus, WdP has reached a portfolio of 19 projects in Romania with a leasable area of 434,000 square meters, fully occupied. The Belgian investor is developing in Romania projects totaling 114,600 square meters, given that it has more than 3,2 million square meters of land for future projects.
CTP is the largest developer and administrator of Class A logistic and industrial spaces in Romania with more than 700,000 square meters of leased area in ten cities: Arad, Bucharest, Cluj-Napoca, Deva, Ineu, Pitesti, Salonta, Sibiu, Timisoara and Turda. (source: profit.ro)
