Shareholders of Warehouses De Pauw (WDP), a Belgian listed pan-European real estate player specialised in logistics and semi-industrial property, have approved the change of status from a “public real estate investment company” (“openbare vastgoedbevak / sicafi publique”) into a “public regulated real estate company” (“openbare gereglementeerde vastgoedvennootschap / société immobilière réglementée publique”). All conditions precedent related to the change of status have been fulfilled, so that WDP benefits from the public B-REIT status as from 16 October 2014. The B-REIT status is better aligned with the economic reality and offers a modified legal framework that fits in with the capacity of WDP as an operational and commercial real estate company.

The Eubelius team that has assisted WDP with the change of status to the B-REIT regime, was led by Lars Van Bever and Arne Hermans.

Eubelius has assisted the entire public real estate investment sector (“vastgoedbevaks/Sicafi”) for more than two years with the preparation and implementation of the new B-REIT regime.