"This transaction allows our Romanian footprint to grow to around 2.0 million m² in gross leasable area, capturing over 25% market share. The strategic landbank in Constanta positions WDP for long-term growth amidst the region’s projected infrastructure investments of approximately 10 billion euros. These include investments in port terminals and logistics capabilities, security and NATO presence, new highways and preparing for Schengen Area accession, bolstering its role in global trade route diversification and Black Sea access.", says Jeroen Biermans – Country Manager WDP Romania.
Clear strategic add-ons to WDP’s existing Romanian portfolio
The asset in Greater Bucharest consists of 76,994 m² of leasable area and is located in Chitila, strategically complementing WDP's existing presence in Dragomiresti. In Constanta, the largest Black Sea port and a crucial strategic hub, WDP is acquiring two existing properties totalling 41,117 m² in Constanta Business Park, along with a large plot for development, spanning a total of over 300,000 m² in GLA potential. These assets are directly adjacent to the main port area and feature possible railway connectivity. A building permit is in place for a third property and commercial negotiations are ongoing – development will start once a pre-lease agreement is in place. In Targu Mures, WDP acquires an 18,263 m² asset, located in the heart of Transylvania, which strengthens its presence in the northern part of Romania. It serves as a crucial regional logistics hub, benefiting from its recent connection to Romania's expanding motorway network.
“We are proud to announce this transaction with WDP with whom I believe we share the same values: entrepreneurship, passion, integrity, agility, flexibility, trust and responsibility for the future generations. Together with WDP, we remain dedicated to contributing significantly to the growth of logistic and industrial infrastructure in Romania and diversifying our areas of expertise", says Sorin Preda, Founder Global Vision.
