WDP Opts for Romania for the Third Phase of its Strategic Growth Plan

The closed-end real estate investment company Warehouses De Pauw (Euronext: WDP) opts for Romania for the third phase of its strategic growth plan. Following the investments for the first phase of its strategic growth plan and the realization of the second phase, with the takeover of the Univeg real estate portfolio, WDP is now starting on carrying out the third phase, specifically, adding a new region to the current portfolio.

The third phase of the strategic growth plan involves moving into a new market through the addition of one or more new countries to the two current key regions. WDP has now decided and opts for the addition of Romania to its key regions.

WDP CEO Tony De Pauw on the choice for Romania: "We opt for Romania because of its outstanding growth potential. Romania is a large country with a very young and dynamic population. With its geographic location, bordering the Black Sea, Romania is the new logistics access port to Europe, this time from the East to the Western access port of Le Havre - Hamburg, which forms WDP"s home market. All the figures from various studies that are currently available indicate enormous growth potential in the coming years. The fast development of the country creates a great demand for logistics premises. Studies indicate a demand for 200,000 sqm of new warehouse space per year, certainly for the next five years".

Warehouses De Pauw currently has approximately 1.7 million sqm in sites and 800 000 sqm in premises in its portfolio. This international portfolio of semi-industrial and logistic buildings is currently spread over 60 sites at prime logistic locations for storage and distribution in

Belgium, The Netherlands, France and the Czech Republic.