WDP acquires Expo Market Doraly from ARA Europe & Gheorghe Iaciu

WDP acquires Expo Market Doraly from ARA Europe & Gheorghe Iaciu, who founded the project in 1993. Expo Market Doraly is the longest-standing and most successful wholesale, cash & carry, and urban logistics park in Romania.

Located in the northeast of Bucharest, Expo Market Doraly covers an area of ca. 110,000 square meters and comprises a total of 37 pavilions, where over 400 traders operate, and has a long history of continued and sustainable growth. The location has direct access to Bucharest’s existing and new ring road, making it ideally suited for efficiently supplying the retailers in the capital and in Romania’s south-eastern region.

Together with WDP, which will perform the asset management, Mr. Iaciu and the current property management team will continue to manage the project.

“We are very pleased with the acquisition of this promising asset, which is complementary to our existing Romanian portfolio. I look forward to continue the success of Expo Market Doraly and to make it an even stronger business by facilitating future growth together with Mr. Iaciu and his team of seasoned professionals. I would like to thank both Sellers for the highly professional transaction process and iO Partners for introducing the opportunity to us.” – declared Jeroen Biermans, Country Manager WDP Romania.

Mr. Gheorghe Iaciu, on behalf of the Seller, said:

“In our pursuit to find the best fit for DORALY’s evolution in accordance with tenant expectations and final client satisfaction, we identified WDP as one of a kind, to maximize the potential of the property.

EXPO MARKET DORALY is a resilient asset with a strong tenant portfolio of Producers, Importers and Distributors, where customers can find a wide range of products at very competitive prices, a commercial center in continuous evolution and growth.

Jeroen Biermans with his Master Class experience in logistics, WDP with its Financial Strength, represent what DORALY needed to evolve.

We are trusted partners and the whole team is committed to create value for DORALY’s stakeholders.

Thank you for accepting DORALY in the WDP Family!”

WDP was supported in the transaction by Tuca Zbarcea (legal), Mazars (finance & tax), Brown Marinescu Consulting (technical) and CBRE (commercial).

The Sellers were supported by Reff & Associates (legal), Deloitte (tax) and iO Partners (commercial).