WDP has completed the acquisition of a fully let, prime logistics site from AG Real Estate France, located within the port of Le Havre, France’s main container terminal and a key logistics hub in Northern Europe. The site comprises two Grade A logistics buildings offering approximately 65,000 m² of lettable area, complemented by a 40,000 m² container yard with a storage capacity of 1,200 containers, on a 17-hectare plot of land. The total investment amounts to approximately 58 million euros and generates a 6.0% NOI yield.

The BREEAM-certified buildings in Le Havre, developed in 2021 for Seafrigo, are fully let to this leading international logistics operator specialised in temperature-controlled transport and storage, under a fixed triple net lease agreement until end-2033.

In parallel, WDP has completed the disposal of a vacant logistics asset in Liège, Belgium, generating approximately 35 million euros in total proceeds at a premium to the latest fair value. The asset attracted strong end-user interest, reflecting the continued appeal for well-located, modern logistics assets.

Since the launch of #BLEND2027, we have successfully scaled our French platform to critical mass, underpinned by a dedicated local team with strong sourcing capabilities in core markets – as evidenced by this transaction, deepening our footprint and client network.–Joost Uwents – CEO

We are delighted to enter into a new partnership with Seafrigo, supporting their continued growth in key gateway locations. Their long-standing presence in Le Havre and expansion underline the site’s relevance within international supply chains-François Le Levier – Country Manager WDP France

France – core acquisition along a key supply-constrained European logistics corridor

Located directly opposite the container terminal, with direct dock and railway access, the site benefits from one of France’s most important multimodal connections, offering access by sea, inland waterways, rail and road. It provides access to a consumer catchment of approximately 25 million inhabitants within 24 hours, reinforcing its role as a key gateway between global trade flows and domestic distribution. With demand concentrated along strategic logistics corridors and constrained supply in core regions, port oriented markets such as Normandy continue to show relatively low vacancy.