Montea acquires 59,500 m² plot of land strategically located along the Brussels Ring Road (R0)

Montea has signed an agreement concerning the acquisition of a strategically located plot of land of 59,900 m². The land is located on the Vilvoorde interchange along the Brussels Ring Road. This location provides excellent connections to the E19, A12, and E40 motorways, as well as a smooth connection to Brussels Airport and the Brussels-Capital Region.

Montea wishes to develop a customised logistics and/or distribution building on this plot, once it has found a tenant. The project could encompass ± 35,000 m² of storage space. In the meantime, Montea is already in talks with a number of potential tenants, where the focus is placed on the high-quality logistics and (urban) distribution.

With a total investment value of € 10 million, this acquisition, brokered by JonesLangLasalle, will proceed through the takeover of 100% of the shares of VILPRO NV. This transaction is slated to be closed in the beginning of October 2017.

Jo De Wolf, Montea Chief Executive Officer: “This transaction is fully in line with Montea’s long-term growth strategy, whereby we develop quality logistics buildings ourselves at prime strategic locations.”

Montea offers Delta Wines in Waddinxveen ca 5,000 m² more floor space so that it can continue to grow

In February 2014 Montea acquired a ca. 19,500 m² distribution centre on 25,800 m² of land, let to Delta Wines. The site is strategically located along the A12 motorway with connection The Hague–Utrecht–Arnhem–Rhur Valley.

To keep pace with its growth, Delta Wines has asked Montea to expand the aforementioned site by ca. 5,000 m². Delta Wines signed an additional lease for a fixed period of 12 years under the same terms and conditions. The investment value of this extension (including terrain) is € 3,3 million and will generate an additional rent of ca. € 225,000 per year.

The necessary permits have been obtained and this extension is scheduled for delivery in the first quarter of 2018.