Montea strengthens strategic position with the acquisition of the former Euro Shoe site in Flanders ​  

Montea has acquired the former Euro Shoe site through a contribution in kind. This transaction enables Montea to expand its presence in Beringen (Limburg), a strategic logistics location just a stone’s throw from the E313 and E314 motorways. In addition to excellent road connections to Antwerp, Liège and Brussels, the new acquisition also offers direct access to the Albert Canal, increasing flexibility in shipping options for the site’s end user.

The property value of the site amounts to €19.2 million. The expected NOI yield at market rent is at least 7%. Advanced negotiations regarding the leasing of this location are ongoing. 

The multifunctional site covers 53,475 m², including a warehouse of more than 20,000 m² and 2,500 m² of office space. The building, originally delivered in 2005 and renovated in 2023, also benefits from a spacious external parking area that allows for further expansion opportunities. With this acquisition, Montea strengthens its position in a highly sought-after region with limited land availability and reaffirms its investment strategy focused on prime-located properties with a preference for multimodal logistics hubs.