{ "schemaVersion": 1, "organisationId": "O-2f655f4a28b948fc9cbe4ca3bd180301", "slug": "wdp", "name": "WDP", "updatedAt": "2026-10-04T15:03:50.347357Z", "sections": [ { "type": "OVERVIEW", "text": "WDP (Warehouses De Pauw) is a logistics real-estate company that develops and renovates warehouses for long-term ownership and rental. Its services include warehouse leasing, build-to-suit facilities and sale-and-leaseback solutions. [https://wdp.eu/en/our-solutions] WDP describes its vision as helping clients grow at the heart of their supply chains through its warehouses. [https://wdp.eu/en/discover-wdp/about-us]\n\nAt 31 March 2026, WDP reported 344 lettable sites totaling 8,906,751 m² of gross lettable area across Belgium, the Netherlands, France, Germany, Luxembourg and Romania. [T3635311] For FY2025, it reported €449.143 million in rental income, net of rental-related expenses. [T7334271]\n[https://wdp.eu/en/our-solutions][https://wdp.eu/en/discover-wdp/about-us][T3635311][T7334271][https://wdp.eu/en/our-solutions][https://wdp.eu/en/discover-wdp/about-us]", "updatedAt": "2026-10-04T15:03:50.347357Z" }, { "type": "PRODUCTS", "text": "WDP’s core offering is the rental of logistics and warehouse properties, including standard warehouses and facilities tailored to tenants’ operational needs. Its solutions include build-to-suit development, cross-dock and automated warehouses, frozen and cooled distribution centres, sale-and-leaseback, and redevelopment. [T13995002][https://wdp.eu/en/our-solutions] Tailored facilities can accommodate requirements such as automation, temperature control and dock configuration; temperature-controlled sites may combine freezer, cold-room and ambient zones. [https://wdp.eu/en/our-solutions/build-to-suit][https://wdp.eu/en/our-solutions/build-to-suit/frozen-cooled]\n\nWDP also provides tenant and property services covering areas such as signage, safety and security, well-being, parking and mobility, energy, and handyman support. [https://brains.wdp.eu/en/wdp-services] Its energy offering includes energy-efficiency measures and renewable-energy solutions for warehouses. [T6726163][https://wdp.eu/en/our-solutions/upgrade-your-wdp-warehouse/energy] A reported automated high-bay warehouse example included a MOVU pallet-storage system with 46,000 pallet spaces, energy-efficient cooling, and electric-truck and car-charging infrastructure. [P83919038] WDP’s reported rental-income breakdown is by tenant category rather than property product: for example, retail food accounted for 17%, industrial 15%, and FMCG 13%. [P109335597]\n[T13995002][T6726163][P83919038][P109335597][https://wdp.eu/en/our-solutions][https://wdp.eu/en/our-solutions/build-to-suit][https://wdp.eu/en/our-solutions/build-to-suit/frozen-cooled][https://brains.wdp.eu/en/wdp-services][https://wdp.eu/en/our-solutions/upgrade-your-wdp-warehouse/energy]", "updatedAt": "2026-10-04T15:03:50.347357Z" }, { "type": "GEOGRAPHY", "text": "WDP operates in Belgium, the Netherlands, France, Germany, Luxembourg and Romania. At year-end 2025, its portfolio comprised 345 sites and 8,758,980 m² of gross lettable area. By country, the portfolio included Belgium (117 sites; 2,871,556 m²), the Netherlands (114; 2,955,477 m²), France (21; 652,035 m²), Germany (3; 121,207 m²), Luxembourg (7; 133,871 m²) and Romania (83; 2,024,834 m²). By fair value, the Netherlands represented 37% of the portfolio, Belgium 31%, Romania 19%, France 8%, Luxembourg 3% and Germany 2%. [T13818375]\n\nFor FY2025, gross rental income by country was €176.5 million in the Netherlands (about 39.1% of IFRS total), €122.6 million in Belgium (27.1%), €109.0 million in Romania (24.1%), €28.0 million in France (6.2%), €8.1 million in Germany (1.8%) and €7.5 million in Luxembourg (1.7%). The percentages are calculated from the reported country amounts and IFRS total of €451.8 million. WDP identifies its head office in Wolvertem, Belgium, with other offices in Breda, the Netherlands, and Bucharest, Romania; employee distribution by location is not specified in the cited information. [T13818375][T6189199]\n[T13818375][T6189199]", "updatedAt": "2026-10-04T15:03:50.347357Z" }, { "type": "SEGMENTS", "text": "WDP’s latest detailed segment breakdown is geographic: its 2025 annual-report portfolio table labels six countries as “Segments”—Belgium, the Netherlands, France, Germany, Luxembourg and Romania. The reported figures describe a shared logistics-real-estate business, rather than distinct business lines by property type. [T6816541]\n\nFor 2025, gross rental income on the country-segment basis was €176.5 million in the Netherlands (38.4%); €126.6 million in Belgium (27.5%); €108.0 million in Romania (23.5%); €28.0 million in France (6.1%); €12.9 million in Luxembourg (2.8%); and €8.1 million in Germany (1.8%). Percentages are calculated as each country’s reported income divided by the €460.2 million total for the country segments. This segment-basis total differs from consolidated IFRS rental income because of reconciliation adjustments. [T6816541]\n[T6816541][T13995002]", "updatedAt": "2026-10-04T15:03:50.347357Z" }, { "type": "HISTORY", "text": "WDP traces its origins to 1977, when Rederij De Pauw was founded to manage Jos De Pauw’s property portfolio. The company went public in June 1999, when Tony De Pauw succeeded his father as CEO. It began expanding beyond Belgium with a French operation in 2000, entered the Netherlands in 2001 and Romania in 2007. [https://wdp.eu/en/discover-wdp/about-us/milestones][https://wdp.eu/en/investors/press-releases/in-memory-of-tony-de-pauw-1954-2025][https://brains.wdp.eu/annual-report-2020-overview]\n\nBy 2008, WDP reported a portfolio of one million square metres across Belgium, the Netherlands, France and Romania, and had begun developing solar projects. Joost Uwents became CEO in 2010; the company reached a €1 billion portfolio in 2012, listed on Euronext Amsterdam in 2015 and made Luxembourg a core market in 2016. In 2024, WDP announced a phased investment in French logistics platforms, describing it as a doubling of its French portfolio. In 2026, it announced a proposed all-share merger with French logistics-property company ARGAN. [https://wdp.eu/en/discover-wdp/about-us/milestones][https://wdp.eu/es/governance/joost-uwents][https://wdp.eu/en/investors/press-releases/significant-step-in-international-growth-portfolio-doubled-in-france][https://wdp.eu/en/investors/press-releases/argan-and-wdp-join-forces-to-create-a-13-billion-european-logistics-champion-through-a-friendly-all-share-merger]\n[https://wdp.eu/en/discover-wdp/about-us/milestones][https://wdp.eu/en/investors/press-releases/in-memory-of-tony-de-pauw-1954-2025][https://brains.wdp.eu/annual-report-2020-overview][https://wdp.eu/es/governance/joost-uwents][https://wdp.eu/en/investors/press-releases/significant-step-in-international-growth-portfolio-doubled-in-france][https://wdp.eu/en/investors/press-releases/argan-and-wdp-join-forces-to-create-a-13-billion-european-logistics-champion-through-a-friendly-all-share-merger]", "updatedAt": "2026-10-04T15:03:50.347357Z" } ], "sources": [ { "id": "https://wdp.eu/en/our-solutions", "href": "https://wdp.eu/en/our-solutions", "label": "wdp.eu" }, { "id": "https://wdp.eu/en/discover-wdp/about-us", "href": "https://wdp.eu/en/discover-wdp/about-us", "label": "wdp.eu" }, { "id": "T3635311", "href": "https://app.finbar.com/go?id=T3635311", "label": "WDP — Presentation (2026 Q 1), p39", "documentId": "D-9bbbd0af975f4ab083ab04ce03255011", "page": 39 }, { "id": "T7334271", "href": "https://app.finbar.com/go?id=T7334271", "label": "WDP — Presentation (2025 Y), p51", "documentId": "D-9478fb9aeeb0489fa37e7b1ec610c410", "page": 51 }, { "id": "T13995002", "href": "https://app.finbar.com/go?id=T13995002", "label": "WDP — Full financial report (2025 Y), p205", "documentId": "D-736326e5c1f5460b9b4ada3fd2835d8e", "page": 205 }, { "id": "https://wdp.eu/en/our-solutions/build-to-suit", "href": "https://wdp.eu/en/our-solutions/build-to-suit", "label": "wdp.eu" }, { "id": "https://wdp.eu/en/our-solutions/build-to-suit/frozen-cooled", "href": "https://wdp.eu/en/our-solutions/build-to-suit/frozen-cooled", "label": "wdp.eu" }, { "id": "https://brains.wdp.eu/en/wdp-services", "href": "https://brains.wdp.eu/en/wdp-services", "label": "brains.wdp.eu" }, { "id": "T6726163", "href": "https://app.finbar.com/go?id=T6726163", "label": "WDP — Full financial report (2025 Y), p190", "documentId": "D-736326e5c1f5460b9b4ada3fd2835d8e", "page": 190 }, { "id": "https://wdp.eu/en/our-solutions/upgrade-your-wdp-warehouse/energy", "href": "https://wdp.eu/en/our-solutions/upgrade-your-wdp-warehouse/energy", "label": "wdp.eu" }, { "id": "P83919038", "href": "https://app.finbar.com/go?id=P83919038", "label": "WDP — Presentation (2025 Y), p35", "documentId": "D-9478fb9aeeb0489fa37e7b1ec610c410", "page": 35 }, { "id": "P109335597", "href": "https://app.finbar.com/go?id=P109335597", "label": "WDP — Presentation (2025 Y), p46", "documentId": "D-9478fb9aeeb0489fa37e7b1ec610c410", "page": 46 }, { "id": "T13818375", "href": "https://app.finbar.com/go?id=T13818375", "label": "WDP — Presentation (2025 Y), p43", "documentId": "D-9478fb9aeeb0489fa37e7b1ec610c410", "page": 43 }, { "id": "T6189199", "href": "https://app.finbar.com/go?id=T6189199", "label": "WDP — Press release (2025 Y), p33", "documentId": "D-44bcd9b51fa34569b8ab8af611c771bc", "page": 33 }, { "id": "T6816541", "href": "https://app.finbar.com/go?id=T6816541", "label": "WDP — Full financial report (2025 Y), p119", "documentId": "D-736326e5c1f5460b9b4ada3fd2835d8e", "page": 119 }, { "id": "https://wdp.eu/en/discover-wdp/about-us/milestones", "href": "https://wdp.eu/en/discover-wdp/about-us/milestones", "label": "wdp.eu" }, { "id": "https://wdp.eu/en/investors/press-releases/in-memory-of-tony-de-pauw-1954-2025", "href": "https://wdp.eu/en/investors/press-releases/in-memory-of-tony-de-pauw-1954-2025", "label": "wdp.eu" }, { "id": "https://brains.wdp.eu/annual-report-2020-overview", "href": "https://brains.wdp.eu/annual-report-2020-overview", "label": "brains.wdp.eu" }, { "id": "https://wdp.eu/es/governance/joost-uwents", "href": "https://wdp.eu/es/governance/joost-uwents", "label": "wdp.eu" }, { "id": "https://wdp.eu/en/investors/press-releases/significant-step-in-international-growth-portfolio-doubled-in-france", "href": "https://wdp.eu/en/investors/press-releases/significant-step-in-international-growth-portfolio-doubled-in-france", "label": "wdp.eu" }, { "id": "https://wdp.eu/en/investors/press-releases/argan-and-wdp-join-forces-to-create-a-13-billion-european-logistics-champion-through-a-friendly-all-share-merger", "href": "https://wdp.eu/en/investors/press-releases/argan-and-wdp-join-forces-to-create-a-13-billion-european-logistics-champion-through-a-friendly-all-share-merger", "label": "wdp.eu" } ] }