AI Terminal
Warehouses De Pauw SA
Major Shareholding Notification • Nov 24, 2025
4025_mrq_2025-11-24_7afa00e0-c9dd-461d-873b-6354d4b9920e.pdf
Major Shareholding Notification
Open in ViewerOpens in native device viewer
PRESS RELEASE
24 November 2025, 18H00 CET
Regulated Information
Publication of a transparency notification
(Article 14, first paragraph, of the law of 2 May 2007 regarding the disclosure of major holdings)
WDP announces having received two transparency notifications from BlackRock reporting an overshoot of the 5% participation threshold in respect of voting rights attached to shares as at 20 November 2025, followed by an undershoot of this threshold as at 21 November 2025.
BlackRock now holds 4.48% of voting rights linked to securities and 0.52% of voting rights through equivalent financial instruments. The aggregate percentage held by BlackRock (securities conferring voting rights and voting rights through equivalent financial instruments) amounts 5.00% (4.990%).
This press release, the notifications as well as the shareholder structure can be consulted on the website of WDP.
ISIN-code: BE0003763779
The transparency notification for the transaction on 19 November 2025 contains the following information:
- Reason for the notification: acquisition or disposal of voting securities or voting rights
- Notification by: a parent undertaking or a controlling person
- Person(s) subject to the notification requirement:
| Name (and legal form for legal persons) | Address (for legal persons) |
|---|---|
| BlackRock, Inc. | 50 Hudson Yards, New York, NY, 10001, U.S.A. |
| BlackRock Advisors (UK) Limited | 12 Throgmorton Avenue, London, EC2N 2DL, U.K. |
| BlackRock Advisors, LLC | 50 Hudson Yards, New York, NY, 10001, U.S.A. |
| BlackRock Asset Management Canada Limited | 161 Bay Street, Suite 2500, Toronto, Ontario, M5J 2S1, Canada |
| BlackRock Asset Management Deutschland AG | Lenbachplatz 1 1st Floor, Munich, 80333-MN3, Germany |
| BlackRock Asset Management North Asia Limited | 15/F, 16/F, 17/F Citibank Tower & 17/F ICBC Tower, 3 Garden Road, Central, Hong Kong |
| BlackRock Financial Management, Inc. | 50 Hudson Yards, New York, NY, 10001, U.S.A. |
| BlackRock Fund Advisors | 400 Howard Street, San Francisco, CA, 94105, U.S.A. |
| BlackRock Institutional Trust Company, National Association |
400 Howard Street, San Francisco, CA, 94105, U.S.A. |
| BlackRock Investment Management (Australia) Limited |
Level 37 Chifley Tower, 2 Chifley Square, Sydney NSW 2000, Australia |
| BlackRock Investment Management (UK) Limited | 12 Throgmorton Avenue, London, EC2N 2DL, U.K. |
| BlackRock Japan Co., Ltd. | 1-8-3 Marunouchi Chiyoda-ku, Trust Tower Main, Tokyo, 100-8217, Japan |
| Aperio Group, LLC | 3 Harbor Dr Suite 204, Sausalito, CA 94965, U.S.A. |
• Date on which the threshold is crossed: 19 November 2025
• Threshold that is crossed: 5%
• Denominator: 235,139,589
• Notified details:
| A) Voting rights | Previous notification |
After the transaction | ||||
|---|---|---|---|---|---|---|
| # voting rights | # voting rights | % voting rights | ||||
| Holders of voting rights | Linked to securities |
Not linked to securities |
Linked to securities |
Not linked to securities |
||
| BlackRock, Inc. | 0 | 0 | 0.00% | |||
| BlackRock Advisors (UK) | ||||||
| Limited | 2,007,823 | 2,410,417 | 1.03% | |||
| BlackRock Advisors, LLC | 177,241 | 178,687 | 0.08% | |||
| BlackRock Asset | ||||||
| Management Canada | ||||||
| Limited | 407,934 | 412,579 | 0.18% | |||
| BlackRock Asset | ||||||
| Management Deutschland | ||||||
| AG | 391,089 | 395,201 | 0.17% | |||
| BlackRock Asset | ||||||
| Management North Asia | ||||||
| Limited | 190 | 190 | 0.00% | |||
| BlackRock Financial | ||||||
| Management, Inc. | 87,676 | 87,676 | 0.04% | |||
| BlackRock Fund Advisors | 2,930,358 | 3,071,274 | 1.31% | |||
| BlackRock Institutional Trust | ||||||
| Company, National | ||||||
| Association | 2,016,077 | 2,042,012 | 0.87% | |||
| BlackRock Investment | ||||||
| Management (Australia) | ||||||
| Limited | 106,413 | 108,807 | 0.05% | |||
| BlackRock Investment | ||||||
| Management (UK) Limited | 2,136,348 | 1,981,813 | 0.84% | |||
| BlackRock Japan Co., Ltd. | 10,245 | 10,225 | 0.00% | |||
| Aperio Group, LLC | 96,632 | 96,632 | 0.04% | |||
| Total | 10,368,026 | 10,795,513 | 0 | 4.59% | 0.00% |
| B) Equivalent financial instruments Holders of equivalent financial instruments |
Type of financial instrument |
Expiration date |
After the transaction Exercise period or date |
# of voting rights that may be acquired if the instrument is exercised |
% of voting rights |
Settlement |
|---|---|---|---|---|---|---|
| BlackRock Advisors (UK) Limited |
Securities Lent | 360,048 | 0.15% | physical | ||
| BlackRock Investment Management (UK) Limited |
Securities Lent | 503,507 | 0.21% | physical | ||
| BlackRock Advisors, LLC | Contract for Difference |
95,900 | 0.04% | cash | ||
| BlackRock Financial Management, Inc. |
Contract for Difference |
3,238 | 0.00% | cash | ||
| Total | 962,693 | 0.41% | ||||
| Total (A&B) | # of voting rights |
% of voting rights |
||||
| 11,758,206 | 5.00% |
- Full chain of controlled undertakings through which the holding is effectively held (if applicable): the complete chain of controlled undertakings has been added to the notification.
- Additional information: the disclosure obligation arose due to total holdings in voting rights for BlackRock, Inc. going above 5%.
The transparency notification for the transaction on 20 November 2025 contains the following information:
- Reason for the notification: acquisition or disposal of voting securities or voting rights
- Notification by: a parent undertaking or a controlling person
- Person(s) subject to the notification requirement:
| Name (and legal form for legal persons) | Address (for legal persons) |
|---|---|
| BlackRock, Inc. | 50 Hudson Yards, New York, NY, 10001, U.S.A. |
| BlackRock Advisors (UK) Limited | 12 Throgmorton Avenue, London, EC2N 2DL, U.K. |
| BlackRock Advisors, LLC | 50 Hudson Yards, New York, NY, 10001, U.S.A. |
| BlackRock Asset Management Canada Limited | 161 Bay Street, Suite 2500, Toronto, Ontario, M5J 2S1, Canada |
| BlackRock Asset Management Deutschland AG | Lenbachplatz 1 1st Floor, Munich, 80333-MN3, Germany |
| BlackRock Asset Management North Asia Limited |
15/F, 16/F, 17/F Citibank Tower & 17/F ICBC Tower, 3 Garden Road, Central, Hong Kong |
| BlackRock Financial Management, Inc. | 50 Hudson Yards, New York, NY, 10001, U.S.A. |
| BlackRock Fund Advisors | 400 Howard Street, San Francisco, CA, 94105, U.S.A. |
| BlackRock Institutional Trust Company, National Association |
400 Howard Street, San Francisco, CA, 94105, U.S.A. |
| BlackRock Investment Management (Australia) Limited |
Level 37 Chifley Tower, 2 Chifley Square, Sydney NSW 2000, Australia |
| BlackRock Investment Management (UK) Limited |
12 Throgmorton Avenue, London, EC2N 2DL, U.K. |
| BlackRock Japan Co., Ltd. | 1-8-3 Marunouchi Chiyoda-ku, Trust Tower Main, Tokyo, 100-8217, Japan |
| Aperio Group, LLC | 3 Harbor Dr Suite 204, Sausalito, CA 94965, U.S.A. |
• Date on which the threshold is crossed: 20 November 2025
• Threshold that is crossed: 5%
• Denominator: 235,139,589
• Notified details:
| A) Voting rights | Previous notification |
After the transaction | ||||
|---|---|---|---|---|---|---|
| # voting rights | # voting rights | % voting rights | ||||
| Linked to | Not linked to | Linked to | Not linked to | |||
| Holders of voting rights | securities | securities | securities | securities | ||
| BlackRock, Inc. | 0 | 0 | 0.00% | |||
| BlackRock Advisors (UK) Limited |
2,410,417 | 2,131,276 | 0.91% | |||
| BlackRock Advisors, LLC | 178,687 | 178,687 | 0.08% | |||
| BlackRock Asset Management Canada |
||||||
| Limited BlackRock Asset |
412,579 | 412,597 | 0.18% | |||
| Management Deutschland AG |
395,201 | 395,201 | 0.17% | |||
| BlackRock Asset Management North Asia Limited |
190 | 190 | 0.00% | |||
| BlackRock Financial Management, Inc. |
87,676 | 87,676 | 0.04% | |||
| BlackRock Fund Advisors | 3,071,274 | 3,071,274 | 1.31% | |||
| BlackRock Institutional Trust Company, National Association |
2,042,012 | 2,042,005 | 0.87% | |||
| BlackRock Investment Management (Australia) Limited |
108,807 | 108,807 | 0.05% | |||
| BlackRock Investment Management (UK) Limited |
1,981,813 | 2,003,653 | 0.85% | |||
| BlackRock Japan Co., Ltd. | 10,225 | 10,225 | 0.00% | |||
| Aperio Group, LLC | 96,632 | 96,632 | 0.04% | |||
| Total | 10,795,513 | 10,538,223 | 0 | 4.48% | 0.00% |
| B) Equivalent financial instruments Holders of equivalent financial instruments |
Type of financial instrument |
Expiration date |
After the transaction Exercise period or date |
# of voting rights that may be acquired if the instrument is exercised |
% of voting rights |
Settlement |
|---|---|---|---|---|---|---|
| BlackRock Advisors (UK) | ||||||
| Limited | Securities Lent | 632,867 | 0.27% | physical | ||
| BlackRock Investment Management (UK) Limited |
Securities Lent | 481,667 | 0.20% | physical | ||
| BlackRock Advisors, LLC | Contract for Difference |
95,900 | 0.04% | cash | ||
| BlackRock Financial Management, Inc. |
Contract for Difference |
3,238 | 0.00% | cash | ||
| Total | 1,213,672 | 0.52% | ||||
| Total (A&B) | # of voting rights |
% of voting rights |
||||
| 11,751,895 | 5.00% |
- Full chain of controlled undertakings through which the holding is effectively held (if applicable): the complete chain of controlled undertakings has been added to the notification.
- Additional information: the disclosure obligation arose due to total holdings in voting rights for BlackRock, Inc. going below 5%. Due to rounding, Number of Voting Rights percentage appears to be above 5% however is in fact 4.990%.
Annex
Full chain of controlled undertakings through which the holding is effectively held (if applicable):
BlackRock, Inc.
BlackRock Saturn Subco, LLC BlackRock Finance, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock (Singapore) Holdco Pte. Ltd.
BlackRock HK Holdco Limited BlackRock Lux Finco S.a.r.l. BlackRock Japan Holdings GK BlackRock Japan Co., Ltd.
BlackRock, Inc.
BlackRock Saturn Subco, LLC BlackRock Finance, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P.
BlackRock Holdco 3, LLC BlackRock Cayman 1 LP
BlackRock Cayman West Bay Finco Limited BlackRock Cayman West Bay IV Limited
BlackRock Group Limited
BlackRock Finance Europe Limited
BlackRock Investment Management (UK) Limited
BlackRock, Inc.
BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Australia Holdco Pty. Ltd.
BlackRock Investment Management (Australia) Limited
BlackRock, Inc.
BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock Holdco 4, LLC BlackRock Holdco 6, LLC BlackRock Delaware Holdings Inc.
BlackRock Institutional Trust Company, National
Association
BlackRock, Inc.
BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock Holdco 4, LLC BlackRock Holdco 6, LLC
BlackRock Delaware Holdings Inc.
BlackRock Fund Advisors
BlackRock, Inc.
BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock, Inc.
BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock (Singapore) Holdco Pte. Ltd.
BlackRock HK Holdco Limited
BlackRock Asset Management North Asia Limited
BlackRock, Inc.
BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P.
BlackRock Holdco 3, LLC BlackRock Cayman 1 LP
BlackRock Cayman West Bay Finco Limited BlackRock Cayman West Bay IV Limited
BlackRock Group Limited
BlackRock Finance Europe Limited BlackRock (Netherlands) B.V.
BlackRock Asset Management Deutschland AG
BlackRock, Inc.
BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc. BlackRock International Holdings, Inc.
BlackRock Canada Holdings ULC
BlackRock Asset Management Canada Limited
BlackRock, Inc.
BlackRock Saturn Subco, LLC
BlackRock Finance, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock Capital Holdings, Inc.
BlackRock Advisors, LLC
BlackRock, Inc.
BlackRock Saturn Subco, LLC
BlackRock Finance, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock International Holdings, Inc.
BR Jersey International Holdings L.P.
BlackRock Holdco 3, LLC
BlackRock Cayman 1 LP
BlackRock Cayman West Bay Finco Limited
BlackRock Cayman West Bay IV Limited
BlackRock Group Limited
BlackRock Finance Europe Limited
BlackRock Advisors (UK) Limited
BlackRock, Inc.
BlackRock Saturn Subco, LLC
BlackRock Finance, Inc.
Trident Merger, LLC
BlackRock Investment Management, LLC
Amethyst Intermediate, LLC
Aperio Holdings, LLC
Aperio Group, LLC
More information
___
___
WDP NV/SA Joost Uwents – CEO Blakebergen 15 Mickael Van den Hauwe – CFO B-1861 Wolvertem Alexander Makar – Head of IR & Capital markets www.wdp.eu [email protected]
WDP develops and invests in logistics real estate (warehouses and offices). WDP's property portfolio comprises more than 8 million m². This international portfolio of semi-industrial and logistics buildings is spread over more than 350 sites at prime logistics locations for storage and distribution in Belgium, the Netherlands, France, Luxembourg, Germany and Romania.
WDP NV/SA – BE-REIT (public regulated real estate company under Belgian law). Company number 0417.199.869 (Register of legal Entities of Brussels, Dutch section)
WDP is listed on Euronext Brussels (BEL 20) and Amsterdam (AEX30) and is, among other, part of the European Real Estate Association (EPRA), MSCI, STOXX, and the Dow Jones Sustainability Index (DJSI).
