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Management Report
3. Projects in progress
The total investment budget (including land already held in the portfolio) for these projects in progress is EUR 76 million.
Belgium
- Genk – Brikkenovenstraat (phase II): a 17.000 m² expansion is being built in a second phase on the site of 60.000 m² that is part of the ‘Hermes’ logistics park, on the former Winterslag mine site. WDP has signed a three-year rental agreement with Terumo Europe for a storage warehouse of 17.000 m² and adjacent offices. The new distribution centre will be operational by 1 April 2010.
- Puurs – Lichterstraat: the currently available 14.000 m² may be renovated, according to the future lessee’s wishes.
- Ternat – Industrielaan 24: The renovation of this site is being prepared, after which the building can be put on the market in modified form. Work will commence in early 2010. The exterior façade will be renovated in a first phase. The second phase will be initiated as soon as a lessee has been found.
- Merchtem – Wolvertemsesteenweg 1, Bleukenweg 5: This is an old warehouse on the periphery of city that will be converted into a retail park.
France
Netherlands
- Nijmegen – Industrieterrein Bijsterhuizen: WDP is constructing a building of 13.000 m² here on a site of 25.000 m². The project was awarded by the Ter Beke group to house the cutting and packaging activities of Langeveld/Sleegers, acquired in 2005. These are currently spread out across four locations. In addition, the full storage and distribution for all Dutch activities of the group (both sliced cold meats and pre-prepared meals), will be centralised here. The Ter Beke group will rent the site for a fixed period of 15 years, starting 1 October 2010.
- Ridderkerk – Handelsweg: the construction of a car park deck on a site that was acquired at the end of 2008 as part of the Univeg transaction in 2007. Completion is planned for the second quarter of 2010.
- Tilburg – Industrieterrein Loven: after the demolition of an old building and soil remediation, WDP is constructing a new logistics building of 16.000 m² for Kuehne & Nagel. Completion is planned for the first quarter of 2010.
- Venlo – Edisonstraat (phase II): A second phase of 15.000 m² needs to be completed as soon as a lessee has been found (see also ‘2. Projects completed in 2009’ on page 58).
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