WDP successfully finalizes Sale and Leaseback deal, bolstering its logistics portfolio in Germany
Expanding German market presence with sustainable logistics
WDP has successfully closed the sale & lease back transaction of a logistics property in North Rhine-Westphalia, Germany, with Fiege Group, a leading European logistics service provider. This transaction, which was announced in 2024, is part of a sale-and-leaseback agreement, with Fiege continuing operations for various clients at the site under a long-term lease. This strategic move reinforces WDP’s growth ambitions in Germany.
The property encompasses approximately 61,000 sqm of lettable area on a nearly 100,000 sqm plot, featuring 51,159 sqm of hall space, 6,130 sqm of mezzanine space, and 2,840 sqm of office and social areas. This acquisition complements WDP’s international logistics real estate portfolio, which spans Belgium, the Netherlands, Romania, France, and Luxembourg and reflects the company’s European growth ambitions.
Modern and sustainable facilities
The facility is equipped with state-of-the-art features, making it ideal for pharmaceutical use. It includes temperature-controlled units, WHG waterproofing, and ample parking. The property will be certified to the DGNB Gold Standard and meets EU taxonomy criteria. A 5 MWp photovoltaic system will be installed, along with modern energy monitoring, LED lighting, e‑charging stations, and air-to-air heat pumps.
Prime location in Cologne-Bonn region
Situated in the high-demand Cologne-Bonn logistics region, the property benefits from excellent connectivity to major European markets, thanks to its proximity to Cologne/Bonn airport and key transport links.
Stephan Küper, Business Development Manager of WDP Deutschland GmbH, stated, “Finalizing this acquisition marks a pivotal milestone in our German operations, a key growth market for WDP. Our commitment to smart, sustainable logistics solutions is reflected in this project, and we are grateful for the collaborative efforts of all involved.”
The project was completed in November 2024, with tenancy commencing in December. Key partners included Max Bögl as the general contractor, GSK Stockmann for legal advice, Witte Projektmanagement for technical due diligence, and DNV for photovoltaic system consultancy.