KBC Securities - Warehouses De Pauw SCA (WDP) Warehouses De Pauw New pre-let projects in NL and RO, despite tariff turmoil | ResearchPool

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KBC Securities

Wim Lewi

Warehouses De Pauw New pre-let projects in NL and RO, despite tariff turmoil

WDP announced over EUR 100m in new pre-let development projects across its land reserves in Ridderkerk (NL) and Bucharest-Dragomire?ti (RO). These projects will cover a total lettable area of approximately 93k sqm and are expected to generate an average NOI yield of more than 7.5%. The developments will cater to clients in food logistics and third-party logistics services. In Ridderkerk, WDP will develop a refrigerated logistics center for Kivits Logistics Group BV, with an investment budget of EUR 55m. In Bucharest-Dragomire?ti, WDP will expand with two warehouses for a total investment budget of EUR 52m. These projects are scheduled for completion between 2026 and 2027. Despite the volatile macroenvironment, WDP shows its business can continue with pre-let projects at good margins. WDP is leveraging its existing landbank in new projects.

09/04/2025 1 EN

Underlying

Warehouses De Pauw SCA

Warehouses De Pauw SCA

Warehouses De Pauw and its subsidiaries are engaged in investment in the Belgian semi-industrial property market. Co. is a closed-end property investment company which specializes in: development of storage and distribution premises; customized projects in line with the user's request; acquiring premises for customers who wish to engage in sale and leaseback transactions.

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BE0974349814 Euronext Brussels Belgium

Provider

KBC Securities

KBC Securities

We are a financial services provider for several types of professional clients, each with distinct needs.

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Analysts

Wim Lewi

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