5. New acquisitions
Belgium
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Nivelles – rue Buissons aux Loups: as part of the agreement with Blount Europe NV, which has moved to the new logistics building in Courcelles, WDP definitively acquired the former industrial site of Blount, with a surface area of 51,000 m2, in June (see also ‘4. Additional potential’ on p. 12) for an amount of EUR 2.7 million. The price paid is in accordance with the valuation of the independent property experts, with dismantling costs still to be taken into account (see press release of 17/10/2008).
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On 28 January 2009 the Boards of Directors of WDP and Deutsche Post approved the agreement in principle that WDP signed with DHL in December 2008. This relates to the acquisition of three excellently sited prime logistics locations. DHL will rent back these sites, making WDP the largest lessor for DHL in Belgium. Specifically, these locations are as follows, with a total surface area of 85,000 m2:
- Mechelen – Zandvoortstraat
- Meer – Seoulstraat
- Willebroek – Victor Dumonlaan
The sale and rent back transaction was designed as a merger and three partial demergers for which WDP shares were issued. This led to a capital increase of EUR 21.8 million and the transfer of approximately EUR 8 million in debt. The deal was approved in an Extraordinary General Meeting on 31 March 2009.
