WDP and ARGAN announce friendly merger
The combined entity will create a leading European logistics REIT with a portfolio over €13 billion across eight countries.
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Logistics real estate specialist
wdp.euLast updated
In short: WDP announced a friendly merger with Argan to create a €13 billion European logistics REIT and launched its BLENDANDEXTEND2030 strategy.
The combined entity will create a leading European logistics REIT with a portfolio over €13 billion across eight countries.
The investment combines a fully pre-let redevelopment for Kuehne+Nagel in Veghel with a brownfield landbank acquisition in South-West Netherlands, totaling around €110 million upon completion.
It acquired two properties in Vendargues and Alzonne, totaling 50,300 m², with a 7% NOI yield and seven-year leases.
The 80,000 m² warehouse scored 60.76% for a Very Good rating, featuring residual heat reuse and on-site recycling.
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Argan and WDP seal a strategic alliance in logistics real estate. In a consolidating sector, this union appears as a wise choice for the future.
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