WDP invests €58m in Le Havre logistics hub, divests Liège asset

Belgian logistics real estate company WDP has invested €58 mln in acquiring a prime logistics site in the Port of Le Havre, France. 

Logistics

This acquisition includes two top-tier logistics buildings totalling 65,000 m², along with a 40,000 m² container yard, all situated on a 17-hectare plot. The site is strategically located directly opposite the container terminal, offering excellent multimodal access via sea, waterways, rail, and road. 
The buildings, completed in 2021 and BREEAM-certified, are fully leased to Seafrigo, an international logistics operator specializing in temperature-controlled transport, under a long-term agreement until the end of 2033. This investment is expected to generate a 6.0% net operating income yield for WDP.
Concurrently, WDP divested a vacant logistics property in Liège, Belgium, for approximately €35 mln, exceeding its latest fair value. This sale reflects the high demand for well-located, modern logistics assets among end-users. The company highlights the ongoing appeal of port-oriented markets like Normandy, which continue to experience low vacancy rates due to concentrated demand and limited supply in core logistics regions.
Joost Uwents, CEO, said: “Since the launch of #BLEND2027, we have successfully scaled our French platform to critical mass, underpinned by a dedicated local team with strong sourcing capabilities in core markets – as evidenced by this transaction, deepening our footprint and client network.”
François Le Levier, country manager WDP France, added: “We are delighted to enter into a new partnership with Seafrigo, supporting their continued growth in key gateway locations. Their long-standing presence in Le Havre and expansion underline the site’s relevance within international supply chains.”