WDP acquires two sites in Geel for 24.4 million euros via merger and payment in new shares

Closed-end real-estate investment company WDP (NYSE Euronext Brussels: WDP) has signed a binding agreement in principle, subject to a number of customary closing conditions, for the acquisition of two sites in Geel-ENA23 – one of the sites is equipped with a rooftop PV system –, holding a total amount of 30,000 m² of gross lettable area for 24.4 million euros. The acquisition of these two sites, together with the PV system, is taking place through a direct merger of three companies and payment via the issue of new WDP shares. This transaction results in a capital increase for WDP of around 21 million euros. Both sites are situated on the second strategic industrial axis of Belgium, namely the Antwerp-Limburg axis, enhancing the further diversification of the existing WDP portfolio.