0% in Western Europe

1.1. Acquisitions and disinvestments

1.1.1. Acquisitions

During the course of the first half of 2021, acquisitions – a combination of existing sites and additional land holdings – could be realised for a total investment volume of approximately 47 million euros.1 All these acquisitions were made at fair value prices as per estimation reports prepared by the independent real estate experts. WDP generates an overall initial gross rental yield of approximately 5.7%.2

1.1.2. Acquisitions realised in the course of the first semester of 2021

Belgium

Ghent

WDP acquired the existing location of Gates in Ghent port and brings the total surface area of WDP warehouses in Ghent North Sea Port to 200,000 m². Gates is an international manufacturer of high-tech rubber belts for industrial, hydraulic, agricultural, and automotive applications. The acquisition of this multimodal logistics site with a total surface area of approximately 20,000 m² involves an investment for WDP of approximately 12 million euros.

The Netherlands

Zoetermeer

Sale-and-lease-back of a warehouse for combined (freezer) storage and last-mile operations of approximately 10,000 m² that will be expanded immediately.3 The investment budget amounts to approximately 7 million euros. The lease has a remaining term of ten years.

South Limburg

Acquisition of two strategic land holdings totalling over 120,000 m² for future development for an investment amount of approximately 18 million euros.

1 The payment of 38 million euros is scheduled to take place during 2021 and 2022. 2 Excluding land reserves. 3 See 1.3 Projects under development.

Romania

Bucharest

Given the complete development of the parks in Stefanestii de Jos and Dragomiresti, WDP is currently finalising the acquisition of new land holdings in the Bucharest region in the amount of 10 million euros.

1.1.3. Disposals

During the second quarter of this year, the site in Anderlecht, Frans Van Kalkenlaan in Belgium was sold. At present, an amount of 21.0 million euros of Assets held for sale is listed in the balance sheet.