Press releases 2012
15 MAY Interim statement by the manager for the period 01/01/2012 - 31/03/2012
Net current profit for Q1 2012 of 11.1 million euros or nearly 15% more than Q1 2011
Expected net current profit for 2012 of at least 50 million euros after closing of the acquisition of the Lake Side Portfolio
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03 MAY Publication of the received notification in accordance with article 14 of the law of 2 May 2007 concerning the publication of major participations (the “Transparency Act”)
Publication of the received notification in accordance with article 14 of the law of 2 May 2007 concerning the publication of major participations (the “Transparency Act”)
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26 APR Reference shareholder Jos De Pauw family supports the optional dividend for 100% of its participation after transfer of shares
The Jos De Pauw family of Merchtem, reference shareholder of WDP with a participation of more than 30% , sold today, April 26, 2012, through a direct sale, 240,000 shares, representing 1.8% of the total WDP shares, to an institutional investor.
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25 APR Conditions concerning the optional dividend
The manager’s Board of Directors of closed-end real estate investment company WDP (Euronext: WDP) decided to offer this year once again the optional stock dividend to the shareholders. The shareholders were informed today at the General Meeting about the specific conditions of the optional dividend, of which the issue price and the term of acceptance. After that, the General Meeting approved the dividend for 2011.
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25 APR WDP finalises acquisition of ‘Lake Side Portfolio’. Investment value of the Dutch portfolio climbs to more than 300 million euros.
Closed-end real-estate investment company Warehouses De Pauw (Euronext: WDP) has signed yesterday, April 24th 2012, the final purchase agreement (after completion of the due diligence) for the acquisition of the property portfolio of a Dutch construction company known as the ‘Lake Side Portfolio’. With this acquisition, WDP acquires 8 brand new, superior quality sites with a gross lettable area of 150,000 m², of which have long-term lease contracts with an average duration of 12.5 years. The investment budget amounts to 105 million euros, which delivers an initial rental yield of 7.8%. The acquisition is part of WDP’s growth strategy and represents a substantial expansion of the Dutch portfolio of which the investment value climbs to more than 300 million euros.
With the closing of this transaction, WDP increases its expectation of the net current profit for 2012 to at least 50 million euros. Furthermore, WDP strengthens its cooperation with ABN AMRO in The Netherlands through an expansion of the financing package with 20 million euros.
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26 MAR WDP concludes lease contract with Arrow Electronics DLC bv for 15,000m² site in Venlo
Closed-end real-estate investment company WDP (Euronext: WDP) leases 15,000m² of the Venlo site (The Netherlands) to Arrow Electronics DLC bv, a global provider of electronic components. The agreement shall take effect on 1 May 2012, after accelerated completion of this part of the site.
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22 MAR WDP substantially expands Dutch portfolio with acquisition of state of the art ‘Lake Side Portfolio’ for 105 million euros
Closed-end real-estate investment company Warehouses De Pauw (Euronext: WDP) has concluded a binding agreement in principle, subject to a number of standard suspensive conditions including due diligence, through its Dutch subsidiary, for the acquisition of the property portfolio of a Dutch construction company known as the ‘Lake Side Portfolio’. With this acquisition, WDP acquires 8 brand new, superior quality sites with a gross lettable area of 150,000 m², of which all have long-term lease contracts with an average duration2 of 12.5 years. The investment budget amounts to 105 million euros3, which delivers an initial rental yield of 7.8%. The acquisition is part of WDP’s growth strategy and represents a substantial expansion of the Dutch portfolio of which the investment value climbs to more than 300 million euros.
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15 FEB WDP introduces the first warehouse in Belgium to be fully illuminated by LEDs
Closed-end real-estate investment company WDP (Euronext: WDP) introduced a unique sustainable warehouse in Mollem today - tailor made for the French international dairy group Lactalis. In addition to a warehouse completely illuminated by LEDs, a first in Belgium, the new logistics property in Mollem also includes numerous other ecological advances which emphasize WDP's current strategy for creating sustainable warehouses. This combination of the first fully LED-illuminated property with various other sustainable innovations forms an important new project for WDP, aimed at further implementation of sustainable solutions within the WDP portfolio and underlines its commitment to a CO2-neutral portfolio.
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15 FEB Annual results for the period 01/01/2011 to 31/12/2011
• net current profit for 2011 of 44.3 million euro or a 13% increase compared to 2010
• proposed 2011 dividend of 2.94 euro gross per share in the form of an optional dividend and return to usual payout ratio of 90%
• expected net current profit for 2012 of at least 49 million euro and expected rise in dividendto eur 3.10 per share
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11 JAN WDP launches project at Schiphol Airport and strengthens its position as market leader in the Benelux
Closed-end real-estate investment company WDP (Euronext: WDP) is investing, along with Amsterdam-based co-developer Minerva Development, in a project at the prime logistics location Schiphol Logistics Park of SADC (Schiphol Area Development Company) and will be constructing a 10,000m² logistics hall. WDP and Minerva Development are launching the project together, after which the site will entirely form part of the WDP portfolio.
WDP is thereby strengthening its position in its second home market of the Netherlands, where the portfolio is growing to 220 million Euros. Through this transaction WDP is not only entering a top strategic location, but also strengthening its position as market leader for logistics & semi-industrial real estate in the Benelux.
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