WDP’s ongoing investments in Romania at €102 million

In the first nine months, the company purchased a land plot of over 60,000 sqm in Timișoara for €5 million. The land is located near a bicycle factory that supplies Decathlon. Near Bucharest, WDP invested around €4 million in a car park near its warehouses in Ștefăneștii de Jos.

Overall rental income from local operations stood at €34.7 million with a gross yield of 7.7 percent. In the first three quarters, WDP completed 101,000 sqm of new warehouse space across Romania. By September, the developer had 57 lettable sites covering close to 1.2 million sqm. WDP’s land bank amounts to 5.1 million sqm.