Deloitte Romania assisted the industrial and logistics real estate developer WDP in the acquisition of a portfolio of three logistic parks jointly owned by Globalworth and Global Vision

The project located in Chitila consists of 76,994 sqm of leasable area and is placed in the proximity of WDP’s industrial park in Dragomiresti, near Bucharest. The project in Targu Mures has a surface of 18,263 sqm and is expected to be a regional logistics hub due to its connection to Romania’s expanding motorway network. The project acquired in Constanta comprises two properties with a total surface of 41,117 sqm located in Constanta Business Park along with a large plot of land envisaged to be used for future development, all adjacent to the main port area and featuring potential railway connectivity.

”We are very satisfied with our collaboration with Deloitte Romania. Their professionalism and strong expertise greatly contributed to the successful conclusion of this transaction,” said Gijs Klomp, Business Development Manager, WDP Romania.

Deloitte Romania provided assistance to WDP with both financial and tax due diligence as well as transaction support services, through a multidisciplinary team consisting of Radu Dumitrescu, Partner-in-Charge, Vlad Balan, Director, Sorin Rugina, Manager, Sorin Vinatoru and Robert Doroftei, Senior Associates, and Vlad Muresan, Associate, from the Financial Advisory practice and Dan Badin, Partner, Simona Mergeani, Director, Laura Bobar, Senior Manager, and Alexandra Gheorghe, Senior Consultant, from the Tax practice.

”The logistics real estate sector in Romania provides numerous growth opportunities for local and foreign investors, as highlighted by the outstanding increase reported by the top players in this field over the last years and by the intense recent mergers and acquisitions activity. It is exciting for our multidisciplinary teams of experts to contribute to large-scale projects such as these acquisitions made by WDP, which support their ambitious growth plans in Romania in terms of footprint and connection to key transportation routes,” said Radu Dumitrescu, Financial Advisory Partner-in-Charge, Deloitte Romania.

WDP develops and invests in logistics property (warehouses and offices). It owns an international property portfolio of more than 300 sites located in Belgium, France, the Netherlands, Luxembourg, Germany and Romania, with a surface of more than 7 million sqm.

In Romania, WDP operates logistic parks with a total gross leasable area of around 2 million sqm, the company's industrial parks are located throughout the country, in all major urban areas.