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KNIN — Kuehne + Nagel International AG News Story

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Brief: WDP Invests EUR 63 Million In Redevelopment And 13.5‑Hectare Landbank In Netherlands

BRIEF-WDP Invests EUR 63 Million In Redevelopment And 13.5‑Hectare Landbank In Netherlands

- Warehouses de Pauw NV WDPP.BR:

  • INVESTS €63 MILLION IN REDEVELOPMENT AND 13.5‑HECTARE LANDBANK IN THE NETHERLANDS

  • REDEVELOPMENT OF EXISTING SITE FOR LONG-STANDING CLIENT KUEHNE+NAGEL KNIN.S

  • INTENDS TO DEVELOP LAND POSITION OVER TIME WITH INCREMENTAL DEVELOPMENT CAPEX OF AROUND 50 MILLION EUROS, MAINLY FROM 2028 ONWARDS

  • IN TOTAL, THIS WOULD REPRESENT A FUTURE INVESTMENT OF AROUND 110 MILLION EUROS, TARGETING AN AVERAGE NOI YIELD OF AROUND 7%

Source text: https://tinyurl.com/38tpszx9

Further company coverage: WDPP.BR


(Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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