WDP Warehouses de Pauw will extend its portfolio with the purchase of a 50,000-m² site, strategically located in Venlo, the #1 logistics hotspot in the Netherlands.
Due to a restructure of its activities, Cable manufacturer Belden Wire & Cable, which is located on the site, will decrease its occupied surface from 120,000 m² to 70,000 m². WDP has acquired the space that is now becoming available.
WDP will redevelop the site into a new 28,000-m² logistics center. Start of the foundation works is scheduled for the beginning of March 2008. Completion of the logistics center is scheduled for the end of 2008.
Storematch B.V. was the advisor of WDP in the purchase of this site.