WDP invests €30 million in food logistics expansion through five urban sites 

WDP is strengthening its logistics portfolio with the acquisition of five urban distribution sites, intended for B2B delivery of food professionals. The sites, spread across Belgium, comprise a total lettable area of 25,000 m², located on a combined total area of approximately 75,000 m². The transaction, with a total property value of €30 million, was realized through a contribution in kind. The return is in line with WDP's intended objectives. 

 The portfolio is fully leased long-term on fixed triple-net leases of at least 10 years. Four sites, located in Antwerp, Namur, Sint-Katelijne-Waver and Wevelgem, have been leased to Sligro, the Benelux market leader in supplying food professionals and an existing client of WDP. The fifth site, in Evergem, has been leased to Belgian family company Horeca Van Zon. 

The sites were previously part of Metro AG's Belgian real estate portfolio, which was acquired by LCV Real Estate in February 2025. As a commercial real estate developer, LCV Real Estate will focus on the redevelopment of the former Makro sites into SME and commercial units. The five sites in Antwerp, Namur, Sint-Katelijne-Waver, Wevelgem and Evergem with long-term leases were contributed to WDP. 

Thanks to their excellent location and proximity to various WDP warehouses, these sites offer an optimal connection to important Belgian sales markets. They facilitate further cluster formation within the existing WDP portfolio and are also extremely suitable for urban distribution. 

With this add-on acquisition, WDP confirms its role as a real estate partner for leading players in the food sector. In both Belgium and the Netherlands, WDP already supports Sligro through existing distribution centers that include frozen and cold storage facilities. WDP is now strengthening that partnership and further supporting Sligro in its entire supply chain so that it can continue to focus on its core business. 
Kristof De Witte - Country Manager Belux 

Acquisition through in-kind contributions 

This acquisition with an overall investment value of €30.0 million was realized today through a contribution in kind of the sites in WDP, against payment of 1,468,380 new WDP shares. The new shares were issued as a result of a capital increase, by a decision of the Board of Directors of WDP using the authorized capital. 

The issue price was set at (rounded) 20.43 euros and is based on the volume weighted average stock price (VWAP or Volume Weighted Average Price) of the WDP share, as made available on the Euronext Brussels website (including the dividend for the fiscal year 2025) for two days prior to June 11, 2025, minus 5%. The transaction therefore resulted in a strengthening of equity by (rounded) €30.0 million, of which an amount of (approximately) €1.7 million was allocated to item Capital and an amount of (approximately) 28.3 million euros to the item Issue premiums. 

The new WDP shares are of the same nature and have the same rights (including dividend rights) as the existing shares of WDP and represent in total (rounded) 0.63% of the total outstanding shares. WDP expects to obtain admission of the new shares to trading on the regulated markets Euronext Brussels and Amsterdam from June 12, 2025. 

Disclosure pursuant to Article 15 of the Law of May 2, 2007 (the Transparency Law) 

Upon completion of this capital increase and the issuance of new shares, the total capital of WDP as of June 11, 2025 will be €266,553,946.94. The capital will be represented as of the same date by 232,653,901 fully paid ordinary shares. There are no preferred shares. Each of these shares confers one voting right at the General Meeting and these shares therefore represent the denominator for the purposes of transparency notifications (i.e. notifications in the event of (among other things) reaching, exceeding or falling below statutory or legal thresholds). In addition to the statutory thresholds, the articles of association of WDP, pursuant to Article 18, §1 of the Transparency Law, provide for an additional statutory threshold of 3% and 7.5%. No outstanding options or subscription rights entitling to shares have been issued.