WDP acquires site in Londerzeel of Immo Weversstraat

Closed-end real-estate investment company WDP has signed an agreement with Immo Weversstraat nv, subject to a number of customary closing conditions, for the acquisition of a site in Londerzeel for €3.4 million. The acquisition is taking place through a partial split and payment via the issue of new WDP shares. It concerns a 30,000 m² strategic site with direct access to the A12.

The site is currently let to Crown-Baele nv, a manufacturer of bottling machines, for a remaining lease term of 1 year at an annual rent of €300,000. After expiry of the short-term lease, WDP aims to demolish the old buildings, remediate the site, and start its redevelopment through the construction of a modern logistics complex - dependent on leasing opportunities.