WDP buys two French logistics assets for EUR 52 million

  • WDP acquired two logistics assets in Alzonne and Vendargues for about EUR 52 million to expand its French platform.
  • Portfolio totals about 50,300 sq m of lettable area; average NOI yield about 7%; average lease term seven years.
  • Alzonne deal valued at about EUR 27 million; newly built 23,300 sq m cold-chain facility leased to DHL on a fixed 9-year triple-net basis.
  • Vendargues acquisition valued at about EUR 25 million; fully leased 27,000 sq m facility near Montpellier along the A9 corridor.


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