Developer WDP builds new factory in Romania for Japanese car parts producer

Belgian real estate developer WDP will build a new factory in Braila, east of Romania, for the Japanese car parts producer Yazaki. The investment amounts to EUR 14 million, according to the developer’s Q1 financial report. The new plant will cover 26,000 sqm, and the construction work will be completed in the last three months of this year, reports local Economica.net. Last fall, WDP completed another car cable factory in Braila for Yazaki, following an investment of EUR 9 million. The plant covers 16,000 sqm. In total, the Yazaki units in Braila will cover some 42,000 sqm. It will produce cables for the BMW cars. Moreover, WDP is currently building in Brasov a new unit of 2,000 sqm for the company Kuehne + Nagel. The unit is expected to be due in the third quarter of the year. The leasing contract was signed for seven years. WDP has almost 100 hectares of land for development and six projects with a net rentable area of almost 46,500 sqm in Romania. The value of its portfolio amounts to EUR 50.3 million. editor@romania-insider.com