Original article on Vastgoedmarkt.nl in Dutch: Click here
Logistics is the first thing people invest in after a crisis Investments
Joost Uwents
WDP is executing logistics projects worth €600 million. Despite the corona outbreak, there have been no customers who have cancelled an order yet. On 22 April, WDP, the exchange-listed logistics property investor, posted a 7% increase in earnings per share in the first quarter compared to the same period in 2019. What will the effect of the corona outbreak be on WDP's operations? Five questions to CEO Joost Uwents.
What is the impact of the corona outbreak on logistics? “The crisis has accelerated logistics and retail towards multi-channel. Many households have learned to do their shopping online. When the measures against corona are reversed soon, we will no longer see families going to the supermarket on Saturday morning. They can do something fun with the children instead.”