It said positive results stemmed primarily from strong growth in the WDP portfolio in 2018-2019 by means of pre-leased projects in the growth markets of the Netherlands and Romania.
WDP currently has 28 projects under development, totaling EUR478 million investment, of which 15 projects amounting to over 389,400 sqm and estimated to cost EUR219 million are located in Romania.
Six of the projects in Romania are due for delivery this year and final clients include retailers Carrefour, Ursus Breweries, Aeronamic Eastern Europe, Kitchen Shop, and LPP.
In the first quarter, the developer started two new projects in Dragomiresti, near Bucharest, following a total investment of EUR7 million, that will be leased to freight transporter Arcese and to Media Post.
In 2018, WDP delivered over 200,000 sqm of logistical spaces in Romania, with investments amounting to over EUR90 million.
WDP has a portfolio of around 4 million sqm of logistical properties in Europe.