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 July 7 (Reuters) - 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)
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