Industrial space developer WDP buys from Globalworth and Global Vision more than 135.000 square meters of logistic spaces and land in Bucharest, Constanta and Targu Mures,
in a 110 million euro transaction

The industrial space developer WDP, which is among the largest developers on the logistics market in Romania, has acquired a portfolio comprising 136,374 square meters of logistics space and a land of over 300,000 square meters spread over Bucharest, Constanta and Targu Mures, in a transaction worth approximately 110 million euros.

The seller is a joint venture owned by Globalworth and Global Vision, leading real estate investors in the Central and Eastern European region.

„This transaction allows our Romanian footprint to grow to around 2.0 million m² in gross leasable area, securing over 25% market share.”, says Jeroen Biermans, Country Manager WDP Romania.

The Bucharest asset has a leasable area of almost 77,000 square meters and is located in Chitila, in the north-western part of the capital, strategically completing WDP’s presence in the Dragomiresti area.

In Constanta, where there is the largest port on the Black Sea and a crucial strategic hub, WDP is acquiring two properties totaling 41,117 square meters in the Constanta Business Park project, together with a large development site of over 300,000 square meters.

“Constanta positions WDP for long-term growth on the back of projected infrastructure investments in the region of around 10 billion euros. These include investments in port terminals and logistics capacity, security and NATO presence, new highways and preparation for the Schengen Area accession,” adds Jeroen Biermans.

 In Targu Mures, WDP acquires an 18,263 square meter project, which serves as a regional logistics center, benefiting from its recent connection to Romania’s expanding highway network.

„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.”, added Sorin Preda, Founder of Global Vision.

In the first quarter of 2024, WDP collected €19.1 million in rental income from the local market, where it owns 72 properties. In total, the company has 302 real estate properties, in the Netherlands (112), Belgium (103), Romania (72), France (8), Luxembourg (5) and Germany (2). The value of the assets in Romania is estimated at €1.29 billion.

The Belgians from WDP announced in October 2023 the acquisition of the Expo Market Doraly complex, the most important wholesale area in Romania. Strategically located, with an opening both to the current ring road of the capital and to the future A0, the complex covers a 300,000 square meter lot and has a rentable area of 100,000 square meters, which generates annual rental income of 11.3 million euros.

Other projects of the Belgians on the local market include parks located in Dragomiresti, Stefanestii de Jos, Dumbravita, Apahida, Aricestii Rahtivani and Oarja.