WDP LAUNCHES PROJECT AT SCHIPHOL AIRPORT
AND STRENGTHENS ITS POSITION AS MARKET LEADER IN THE BENELUX
Closed-end real-estate investment company WDP (Euronext: WDP) is investing, along with Amsterdam-based co-developer Minerva Development, in a project at the prime logistics location Schiphol Logistics Park of SADC (Schiphol Area Development Company) and will be constructing a 10,000m² logistics hall. WDP and Minerva Development are launching the project together, after which the site will entirely form part of the WDP portfolio. WDP is thereby strengthening its position in its second home market of the Netherlands, where the portfolio is growing to 220 million Euros. Through this transaction WDP is not only entering a top strategic location, but also strengthening its position as market leader for logistics & semi-industrial real estate in the Benelux.
WDP has firmed up the plans for this project in the
Netherlands, after having successfully resolved a series of
suspensive conditions (such as obtaining the necessary
authorisations) that still applied at the time of earlier
announcements.1 WDP will act as co-developer, in
collaboration with real estate developer Minerva Development,
and is 100% end-investor of a property having 10,000m²
storage space and 1,600m2 offices on SADC's
brand-new hotspot Schiphol Logistics Park. The project will
be built and delivered in phases over the course of the third
quarter of 2012. Rapid Logistics, specialised in
airport-related logistics in the Schiphol region, will become
the tenant of the new site, with a 10-year firm lease
contract. Thanks to this project WDP is now also putting
itself on the map of the niche market around Schiphol, one of
the most important logistics regions in the Netherlands.
The total investment budget amounts to 14 million Euros.
Together with the recent purchase of a property in Alphen aan
de Rijn, the Netherlands, for 7 million Euros, WDP expects to
generate an initial yield of 8.5% on these transactions upon
full delivery. WDP will be financing these projects from the
existing credit
facilities.2
Photo: 3D depiction of Schiphol Logistics Park
1 and 2 See press releases of 24 August 2011 and 15 November 2011
WDP also holds an expansion option to carry out an additional project on the adjacent site. The option will be exercised depending on potential letting opportunities and is also conditional on (among other things) obtaining the necessary authorisations. Within this framework WDP is launching, in line with its online marketing programme, a micro website to promote the further development of this logistics site. The adjoining QR will link you to this website (which also contains visuals).
WDP, Benelux market leader
Thanks to the strong and profitable growth of its Dutch
assets over the last year, WDP now
has a total Benelux portfolio of over 1.5 million m² of
top-quality storage spaces at strategic logistics corridors.
Hence, WDP is not only the market leader in Belgium but has
now become the Benelux leader as well, and can thus offer its
customers a wide range of logistics property solutions.
"This access to an absolute top region such as Schiphol, a strategic micro market, confirms our position as a key player in the logistics property market in the Netherlands", says WDP CEO Joost Uwents, who is delighted with this double achievement. "In addition, WDP - through the recent development of the Netherlands as its second home market - is also becoming the market leader for the entire Benelux, with a portfolio located in the heart of the consumption of Western Europe and in the strategic hinterland of the ports of Antwerp and Rotterdam that serves as the import & export gateway for Europe."
For more information, please contact:
Joost Uwents, WDP, tel: +32 (0)476 88 99 26; joost.uwents@wdp.beor Nathalie Verbeeck, Citigate, tel: +32 (0)2 713 07 32; nverbeeck@citigate.beMore information about WDP can be found at: www.wdp.beClosed-end real-estate investment company WDP invests, develops and lets semi-industrial and logistics property (warehouses and offices). WDP's property portfolio amounts to more than 1.5 million m2. This international portfolio of semi-industrial and logistics buildings is spread over some 80 sites at prime logistical locations for storage and distribution in Belgium, France, the Netherlands, the Czech Republic and Romania. Furthermore, WDP has a ground potential of almost
2 million m2 in Romania. More information about WDP can be found at www.wdp.be. WDP Comm.VA - Closed-end real estate investment company under Belgian law
Blakebergen 15, 1861 Wolvertem - Belgium - Company number 0417.199.869 (RPR Brussels)
distribué par | Ce noodl a été diffusé par WDP - Warehouses De Pauw Comm. VA et initialement mise en ligne sur le site http://www.wdp.be. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-11 09:41:28 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
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WDP launches project at Schiphol Airport and strengthens its position as market leader in the Benelux |