Benelux logistics specialist WDP has unveiled two transactions in the Netherlands that will entail a total investment of €70 mln.

Benelux logistics specialist WDP has unveiled two transactions in the Netherlands that will entail a total investment of €70 mln.

WDP expects these transactions to generate an initial gross rental yield of 7.2%.

The company announced on Tuesday that it is to acquire a brand new distribution centre established by retailer Action in South Limburg province to supply its shops in Belgium, France and Germany. The deal is structured as a sale-and-leaseback transaction with a 15-year lease.

The first phase of the centre comprises 58,000 m2 of distribution space, excluding offices and tertiary space. The second phase, to be delivered and owned by WDP, will add 15,000 m2 of space.

In the second transaction, WDP has agreed to develop 17,000 m2 of tailor-made distribution, plus ancillary space in Gelderland province for an unnamed multinational company.

Separately, WDP announced a retail bond offering, with a minimum amount of €75 mln and maximum of €125 mln, to finance the company's growth, including its recent transactions.