WDP leases out 50,000 m2 in The Netherlands and France

More than half of the distribution centre in Nieuwegein, the Netherlands, which which was vacated after the bankruptcy of the tenant V&D mid-2016, has been leased out within a year to the German logistics service provider Fiege. In France, the entire expansion under development in Libercourt has been leased out before completion to ID Logistics and Simastock – together adding up to 24,000 m² of distribution space.

At the end of 2015, the bankruptcy of the chain of stores V&D was announced. As a result, the WDP distribution centre in Nieuwegein, the Netherlands, all of which had been leased by this retailer, was vacated as of mid-2016. As of 1 January 2017, the German logistical service provider Fiege has leased a surface of 27,000 m² at this location on the basis of an initial lease contract of one and a half years at market conditions (discussions regarding extension and an increase of the leased area are ongoing). Fiege wishes to create a strategic hub at this location – centrally located in the Netherlands – that will organize the supply of several of its domestic customers.

WDP also announces two new leases at a multi-tenant location in Northern France on the basis of 3-6-9-lease contracts, namely in Libercourt, where the realisation of a final phase of approximately 24,000 m² of the total of 60,000 m² of logistical warehouse space has recently begun. On completion (projected in the course of the first quarter of 2017), this space will immediately be occupied by two tenants, being ID Logistics, which is expanding its current space by approximately 6,000 m² to 42,000 m², and Simastock, using 18,000 m² of warehouse space.


Fiege, ID Logistics, Logistics real estate, Real estate, Simastock, WDP

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