WDP obtains full ownership of Luxembourg platform through asset swap with Luxembourg State
WDP obtains full ownership of Luxembourg platform through asset swap with Luxembourg State
WDP has completed an asset swap with the Luxembourg State that results in 100% ownership of WDP Luxembourg SA. The transaction was structured as a balance sheet neutral swap, whereby WDP acquired the State’s 45% stake in WDP Luxembourg SA, resulting in full ownership of the former joint venture, and subsequently sold the logistics site in Foetz, acquired in 2025[1], to the Luxembourg State. The two transactions, completed under normal market conditions, contribute to the streamlining of WDP’s Group structure and support the future development of activities in the Grand Duchy.
[1] See press release of 27 February 2025.
Our partnership with the Luxembourg State has been instrumental in establishing a strong logistics platform in the Grand Duchy. We have developed high-quality logistics infrastructure at the Eurohub and unlocked the potential of this region as an important gateway. Full ownership now reflects the success of this cooperation and provides a solid foundation for further growth.
Acquisition of the Luxembourg State’s 45% shareholding in WDP Luxembourg SA
WDP entered the Luxembourg market in 2016[1] in a joint venture with the Luxembourg State to develop logistics infrastructure in the Eurohub Sud and Eurohub Centre parks in, respectively, Bettembourg-Dudelange and Contern. Since then, the joint-venture has grown into a multimodal logistics hub of around 175 million euros[2], spread across 5 logistics assets totalling around 140,000 m² leasable area.
As the initial objectives of the joint venture have been achieved, the Luxembourg State decided to sell its 45% shareholding in WDP Luxembourg SA to WDP NV’s wholly owned subsidiary WDP Invest NV. As a result, WDP Luxembourg SA is now fully owned and consolidated within the WDP Group, further streamlining the Group’s structure.
[1] See press release of 5 August 2016.
[2] Including a 2025 acquisition held at 100% ownership, WDP’s presence in Luxembourg amounts to over 220 million euros.
Transfer of SISA Foetz SA to the Luxembourg State
Upon completion of this transaction, WDP sold the Foetz logistics site to the Luxembourg State. The site comprises a logistics property of approximately 17,000 m², adjacent to facilities where the Luxembourg State operates incubator activities.