WDP expands French footprint, boosts European investment team

WDP is advancing its #BLEND&EXTEND2030 growth strategy by securing two prime land plots in France—one near Paris Charles de Gaulle Airport and another north of Toulouse.

WDP logistics

These acquisitions will provide approximately 132,000 m² of future leasable logistics space.

The total investment for these land positions is projected to be around €67 mln. WDP plans an additional €105 mln in development capital expenditure, mainly from 2028, leading to a total future investment of approximately €172 mln, targeting a 7% NOI yield.

WDP has a conditional agreement to acquire a 14-hectare site at Le Mesnil-Amelot, adjacent to major motorways near Paris CDG Airport. This site, with an anticipated closing and payment in 2028, is slated for a state-of-the-art 70,000 m² logistics campus with a total investment of approximately €100 mln (including €50 mln for land). This strategically important location, with its multimodal connectivity and access to a vast consumer market, is expected to become a flagship asset due to limited land availability and strong commercial interest.

Additionally, WDP has a conditional agreement to acquire a 23.5-hectare landbank at Saint-Jory, 15 kilometers north of Toulouse Airport and next to the A62 motorway. The closing is expected in July 2026, with a land payment of €17 mln. WDP plans to develop a mixed-use logistics campus of approximately 62,000 m² (including warehouse, cross-dock, and light-industrial units) at an estimated total investment of €75 mln (including land). This site is strategically located to serve regional distribution and local industrial demand in a growing market with limited modern logistics space.

With a growing local presence in France, WDP aims to scale its French platform to €1 bn, up from €150 mln in 2024.

Effective May 2026, Robert Woerdeman will join WDP as Group European Investment Manager. He brings over 20 years of experience in European real estate investment and capital markets, including his previous role as managing director at TPG Angelo Gordon and head of Sell-Side Research for European Real Estate at Van Lanschot Kempen.

Joost Uwents, CEO WDP, stated: “By scaling our presence in prime, supply-constrained logistics locations, we strengthen our integrated solutions to clients across Europe while building towards our 2030 ambitions. Broadening our investment expertise at the group level completes this picture. Together, these steps support continued above-average earnings growth, while maintaining our disciplined, below-average risk profile.”

Robert Woerdeman, Group European Investment Manager, added: “WDP has built a European logistics platform of meaningful scale, deep customer relationships and a proven ability to translate growth into earnings per share. The ambition to grow towards a 10+ billion euro platform by 2030 is backed by the same discipline and execution focus that have defined WDP for many years. I look forward to contributing to that continued growth story across Europe.”