Warehouses de Pauw NV EURONEXT:WDP:
INVESTS €63 MILLION IN REDEVELOPMENT AND 13.5‑HECTARE LANDBANK IN THE NETHERLANDS
REDEVELOPMENT OF EXISTING SITE FOR LONG-STANDING CLIENT KUEHNE+NAGEL SIX:KNIN
INTENDS TO DEVELOP LAND POSITION OVER TIME WITH INCREMENTAL DEVELOPMENT CAPEX OF AROUND 50 MILLION EUROS, MAINLY FROM 2028 ONWARDS
IN TOTAL, THIS WOULD REPRESENT A FUTURE INVESTMENT OF AROUND 110 MILLION EUROS, TARGETING AN AVERAGE NOI YIELD OF AROUND 7%