Belgian logistics real estate player WDP has strengthened its presence in Romania by acquiring a €110 mln portfolio from a joint venture comprising Globalworth and Global Vision.
The deal encompasses three Class A warehouse and light industrial properties in Bucharest, Constanta, and Targu Mures, totaling 136,374 m2 of leasable area.
The acquired assets, currently leased to high-quality tenants, align with WDP’s existing Romanian portfolio, which already features directly yielding assets and a substantial development pipeline of 300,000 m2.
The Bucharest property, spanning 76,994 m2, is located in Chitila, strategically complementing WDP’s existing Dragomiresti site.
In Constanta, WDP has acquired two properties totaling 41,117 m2 within Constanta Business Park, along with a development plot offering over 300,000 m2 of potential gross leasable area. This prime location, adjacent to the main port and with potential railway connectivity, is supported by a building permit for a third property. The final development will commence upon securing a pre-lease agreement.
The acquisition of an 18,263 m2 asset in Targu Mures reinforces WDP’s position in northern Romania, a region gaining importance as a logistics hub, driven by recent motorway improvements.
Jeroen Biermans, country manager for WDP Romania, said: ‘This transaction allows our Romanian footprint to grow to around 2.0 million m2 in gross leasable area, capturing over 25% market share. The strategic landbank in Constanta positions WDP for long-term growth amidst the region’s projected infrastructure investments of approximately 10 billion euros. These include investments in port terminals and logistics capabilities, security and NATO presence, new highways and preparing for Schengen Area accession, bolstering its role in global trade route diversification and Black Sea access.’
Sorin Preda, founder Global Vision, added: ‘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.’
