Belgium-based WDP has signed an agreement for the development and lease of 77,000 m²of logistics warehouse space at its existing site in Bucharest for retailer Auchan. The investment budget amounts to about EUR 45 million. This new development emphasizes WDP’s strategy of creating long-term relationships and cross-border partnerships, a press release informs.
After a first collaboration between WDP and the French international retail group Auchan in Luxembourg, WDP will develop a new state-of-the-art logistics warehouse site for this retailer at WDP’s existing location in Bucharest – Stefanestii de Jos. The new buildings with a surface of approx. 77,000 m² will partially consist of a temperature controlled area and will be leased by Auchan for a period of seven years. Delivery of this new development is scheduled during the first quarter of 2020. The investment budget for WDP mounts to approx. 45 million euros.
“This transaction emphasizes WDP’s strategy of creating long-term relationships with its clients, throughout its different core regions”, said Jeroen Biermans, General Manager of WDP in Romania.