WDP acquires Univeg, targets new investments in Romania

Belgian logistics property investor Warehouses De Pauw (WDP) has announced that it has completed the acquisition of the Univeg real estate portfolio, rounding off the second phase of its strategic growth plan. In the third phase of the plan, WDP has added Romania as a key region for investment.

The closing of the Univeg transaction, as forecast by PropertyEU last month, means WDP will be acquiring eight sites with temperature-controlled warehouses in Belgium and the Netherlands for EUR 100 mln from the Belgian fruit and vegetable concern. On WDP's decision to focus on Romania for future investments, CEO Tony De Pauw said the country's location bordering the Black Sea made it Europe’s new logistics access port. WDP would soon be reporting on its first development projects in Romania he said, quoting studies that indicate an annual demand for 200,000 m² of new warehouse space for the coming five years.