WDP invests €55m in redevelopment near Brussels

WDP will invest €55 million in a major build‑to‑suit redevelopment for Delhaize within its established Zellik logistics cluster, securing a fully pre‑let, 20‑year lease agreement that provides long‑term income visibility at returns in line with its development hurdle rate.

The project, which will deliver more than 20,000 sq m of temperature‑controlled high‑bay space, will be developed from 2027 and completed in 2029, alongside Delhaize’s own €120 million investment.

The scheme will create a state‑of‑the‑art logistics facility tailored to Delhaize’s operational requirements, including BREEAM certification and around 2 MWp of rooftop solar capacity. The redevelopment will be realised on a 42,000 sq m site owned by BelOrta, with WDP entering a long‑term ground lease to unlock the project.

Located north‑west of Brussels, Zellik is one of Belgium’s most strategically positioned logistics zones, offering direct access to the Brussels consumer market and strong connectivity to Antwerp, Ghent and the wider national network via the Brussels Ring, A12 and E40. Development opportunities in the cluster are exceptionally scarce, making the project a significant expansion of WDP’s footprint.

Upon completion, WDP’s position in Zellik will comprise 11 buildings totalling more than 163,000 sq m of lettable area, with an additional 21,000 sq m of future development potential. The existing portfolio carries a fair value of around €165 million, with the new Delhaize project adding a further €55 million.

Alexandros Boussis, CEO of Delhaize Belgium & Luxembourg, said WDP’s long‑standing expertise will play an important role in delivering the retailer’s logistics growth plan. Kristof De Witte, Country Manager WDP Belgium & Luxembourg, described the project as a strong example of growing alongside partners and creating long‑term value in one of Belgium’s most supply‑constrained logistics locations.