WDP bought a warehouse in Clinceni and took EUR 25 million loan for Romania

The logistics and distribution services supplier Quehenberger Logistics, with clients such as Continental, was the protagonist of the largest lease transaction on the Romanian real estate market last year, following the singing with CTP of a rental contract on ten years for a warehouse of 19,500 sq. m within former Prologis Park Bucharest A1.

The Belgians got a loan of EUR 25 million, due in six years, from BNP Paribas Fortis, through the company WDP Development RO, owned 51 pct by WDP and 49 pct. by the businessman Jeroen Biermans, in order to finance the local activities, according to the company’s financial report of 2015.

The developer is currently working at the completion of three new logistics projects in Romania. WDP builds in Râmnicu Vâlcea a warehouse of 12,000 sq. m for the auto parts manufacturer Faurecia.

The project will be delivered to the tenant this quarter and involves an investment of EUR 8 million.

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 quarter of this year, the investment reaching EUR 5 million and EUR 3 million respectively.

The investor has completed in the third quarter of last year 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, in 2015, WDP started the investment of EUR 7 million in Ploiești, an industrial facility of 12,000 sq. m, a factory for Federal-Mogul, an automotive supplier. On the plot of land there is another construction, a warehouse rented by Roquet.

WDP also developed 16,000 sq. m warehouse facility for the Japanese company Yazaki on a plot in Brăila, an investment of EUR 9 million.

WDP owns in Romania five warehouses with a GLA of nearly 40,000 sq. m and 96 ha of land for new developments. The portfolio in Romania is evaluated at EUR 45.8 million according to the latest financial report.

The new projects will increase significantly upon completion the company’s portfolio in Romania, up to an area of nearly 73,000 sq. m, placing the company in top ten largest industrial real estate owners. (source: profit.ro)