Warehouses Estates Belgium SA (WPK)

Profile

https://www.w-e-b.be

Warehouses Estates Belgium SA is a Regulated Real Estate Company under Belgian REIT regulations, specializing in the ownership and management of diversified business real estate properties across Belgium. Its portfolio, comprising 111 properties as of the end of 2024, spans a total rental area of 331,938 square meters with a market value of EUR 336.5 million. The assets are primarily allocated to retail buildings (69.1%, 161,093 m2), industrial buildings, warehouses, and halls (20.7%, 154,356 m2), offices (9.4%, 16,489 m2), and land (0.8%). Notable tenants include Media Markt, Michelin Belux, Tractebel Engineering, and public administrations, with properties located in regions such as Gosselies, Charleroi, Eupen, and Ypres. The company generates rental income from commercial, semi-industrial, logistics, and office spaces, maintaining a high occupancy rate of around 95%. Headquartered in Gosselies with a lean team of one employee, Warehouses Estates Belgium SA plays a key role in Belgium's commercial real estate sector by providing stable leasing options to national and international firms.