Future development projects sustain quality growth of Montea in Belgium and the Netherlands

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.