WDP completes €41m sale-and-leaseback deal in France

Logistics real estate specialist WDP has expanded its presence in France through a €41 mln sale-and-leaseback transaction involving a newly built, fully occupied 50,000 m² distribution centre in Loudéac, Brittany.

WDP logistics

The Class A warehouse, which also features 3,500 m² of outdoor storage, is BREEAM Excellent certified, equipped with solar panels, and leased to ID Logistics under a triple-net agreement through at least 2030. The investment generates a net operating income (NOI) yield of 6.3%.
Located on the emerging Arc Atlantique logistics corridor, the site offers strong visibility and infrastructure for servicing western France. ID Logistics will use the facility as a regional hub for Leroy Merlin and Weldom, supporting 140 stores and e-commerce fulfillment through various delivery methods.
François Le Levier, country manager WDP France, commented: “Our partnership with ID Logistics – an existing client operating from WDP distribution centres across four different countries, both directly and indirectly through its clients – exemplifies our ability to create scalable, cross-border solutions that optimise our clients’ supply chains. It underscores our strategy of building long-term relationships with our clients and supporting their international growth through one platform."
Since launching its #BLEND2027 growth plan in 2024, WDP has made significant progress in France, expanding its portfolio from €165 mln to approximately €750 mln. This acquisition in Loudéac, following its platform development in late 2024, represents WDP's initial venture into the Arc Atlantique corridor, further solidifying its position in the French market.
Additionally, WDP is transforming the former AstraZeneca production site in Reims, a 74,000 m² brownfield property previously acquired, into a cutting-edge technology campus through strategic renovations. One potential tenant is Latitude, an aerospace startup planning to invest around €50 mln by 2030 to establish its production facility there, contributing to Europe's reindustrialization.