Warehouses De Pauw Nv

Good morning everybody! You see here in front of you, again, a very happy man. It's not so long ago, and only a week ago, we have presented a unique future project for us and for our sector. And first of all, I want to thank you, all the stakeholders, for the full support we get for this unique project. everybody supports this deal and it is very convincing for us so thank you all for the support and with everyone with who we by who we have discussed this unique project last week all together but besides that it is very well and I'm also very happy that we can show today that De Pauw Nv De Pauw Nv De Pauw Nv De Pauw Nv De Pauw Nv De Pauw Nv De Pauw Nv De Pauw Nv De Pauw Nv in Barendrecht and a showy scarcity of land, we started a new redevelopment of the same location in Veckel for Kühne & Nagel. Kühne & Nagel, who is already 50 years active in that region and just across the Maas factory, the biggest production of Maas in Europe. Well, there we started together De Pauw Nv De Pauw Nv De Pauw Nv De Pauw Nv De Pauw Nv or a one-billion-euro portfolio. And that growth was based on cross-border relationships. DHL, come here, growing further together with Cifrigo. Romania, there we extended with existing clients. And we could also attract a new industry client, like Siemens. And above all those fantastic new value-adding projects and developments, acquisitions, we also did asset rotations for more than 100 million. That's clearly a new driver. Some of you ask, why now? Well, because we are big enough to do it. We can do that without pressure on the short term EPS and besides concentrating on the operational priorities we also started with the new building blocks for 2030 we onboarded Spain and Italy 30 managers are in place and helped from the group they are now making their tents in the beginning of the autumn they will come to us and say look this is how the country looks like this is the competition and this is how WDP can make the difference there so preparing for 27 and Germany Germany is really ready for take off now you will see soon and above that adding and onboarding De Pauw Nv De Pauw Nv De Pauw Nv De Pauw Nv De Pauw Nv our 500 million euro envelope per year. So, we can manage it all within our plans and extend 2030 projects.

And at the demand level, well, there we can really say that it normalised.

Situation, normalised, but yes, still accepts the more cyclical element, the macroeconomical stock build-up that we all waited for in the beginning of the year but that is postponed due to the war in the Middle East. And indeed, but besides that, we see really different activities. As for example, in Morco France, Libertour, There was a building emptied by an FMCG client. Another new 3P yellow came to us and said, look, I only use part of the site, but I see different vendors. I see possibilities and give me the chance to fill it up by the end of the year. And in the meantime, half of the building is relapsed and he is looking for new vendors and new clients. De Pauw Nv De Pauw Nv De Pauw Nv De Pauw Nv De Pauw Nv We are happy with the fact that we could realize a unique step forward on our European platform and that the operations continued and so that we can really grow further all together in the different countries up to the 20 million euro platform.