Belgian developer WDP buys logistics park in Western Romania

Belgian developer WDP, which specializes in logistics spaces, has acquired Arad Business Park, a 42,000 sqm property located in Western Romania. Real estate consultancy firm Colliers brokered the deal. In the first six months of this year, the group invested EUR 37 mln in acquisitions in Romania, consisting of land for development and existing projects, according to its half-year report. The sum includes the acquisition of Arad Business Park. The company has ongoing projects in Romania worth EUR 106 mln to be completed by 2025. Arad Business Park currently has an occupancy rate of approximately 90% and will be operated by WDP Romania following the transaction. Colliers has managed Arad Business Park since 2014. According to Colliers experts, the transaction confirms the interest in small business units and last mile logistics. “The acquisition of Arad Business Park by WDP represents an investment into urban logistics as well as into a strategic macro-location in an important industrial cluster, on the border with Hungary and connected through the A1 motorway to the West,” said Robert Miklo, Director Investment Services at Colliers Romania & CEE. WDP is one of the largest investors in the logistics segment in Romania.