WDP Romania II

active

 The proposed investment with Warehouses De Pauw NV (“WDP” or “the Company”) will include up to €300m senior unsecured green corporate loan, consisting of (i) a senior loan from IFC’s own account, (ii) a senior loan from IFC acting in its capacity as implementing entity for the Managed Co-Lending Portfolio Program (MCPP), and (iii) a senior syndicated loan, to partially finance this investment plan. The IFC’s funds from this investment will be used to finance the Company’s development pipeline of warehouse & semi-industrial properties in Romania. IFC’s financing will be fully used to support green certified developments at the level of EDGE-Advanced of WDP’s Romanian portfolio (the “Project”).  WDP owns, develops and manages a portfolio of 294 properties comprised of warehouses, logistic centers and semi-industrial property located in the Netherlands, Belgium, France, Luxembourg, Germany and Romania. WDP targets to develop green certified, resource efficient property with rooftops equipped for solar energy generation and inhouse charging infrastructure for electric vehicles. WDP leases its warehouses & semi-industrial property to tenants from primarily from the following sectors retail & wholesale, FMCG, automotive, post and parcel delivery, healthcare, technology & telecom.WDP property in Romania consists of 70 lettable sites and around 10 projects under active phase of development. Romanian portfolio includes warehouses – 82%, offices at warehouses – 12%, mixed-use – 7%. In Romania WDP also owns  solar parks with total capacity of 27 Megawatt peak (MWp).As per WDP’s growth plan for 2022-2025 the company plans to increase a green energy production at its properties via maximizing rooftop use for solar energy generation and develop charging infrastructure for electric logistic vehicles (trucks, vans and etc). WDP targets 250 MWp of solar PV capacity by 2025, whereas 100 MWp is in Romania. WDP is an existing IFC’s client under the project consisting of approximately €205 million committed in March 2020 with use of proceeds targeted to develop and manage a pipeline of EDGE-certified warehouses/semi-industrial properties in Romania. Please refer to the environmental and social review summary for the project at https://disclosures.ifc.org/project-detail/SII/42730/wdp-romania. The scope of WDP’s activities to be financed under this project will remain the same.