WDP acquires FMCG campus in Bornem (Belgium) for some 58 million euros from MG Real Estate (De Paepe Group)

WDP announces having signed an agreement concerning the acquisition of a new strategic XXL site, specifically a multimodal FMCG campus for DHL Supply Chain in Bornem. This is now the second FMCG campus within the WDP portfolio, following the acquisition of its first such site in Tiel (Netherlands) for Kuehne + Nagel in November 2014. This acquisition with a total investment value of approximately 58 million euros, will take place by acquisition of 100% of the shares of MLB NV, and concerns a site of approximately 72,000 m² of existing buildings and 18,000 m² of buildings under construction. The letter of intent also provides for the possible realisation of a third and final phase of some 13,000 m², subject to leasing to DHL Supply Chain, providing a combined XXL platform of some 100,000 m². The transaction is also subject to due diligence and a number of customary conditions precedent with planned closing around 31 March 2015.