New long-term lease with Danone (D.P.F.F.) for ca. 6,000 m² in Camphin-en-Carembault (FR) – 100% occupancy rate for building of ca. 18,000 m²

In December 2014, Montea and Panafrance concluded a partnership agreement for the development of a logistics platform on a 103,000 m² plot in Camphin-en-Carembault. Two distribution centres are being developed on the plot of ca. 18,000 m² and ca. 24,000 m² (total floor space: ca. 42,000 m²).

Danone (D.P.F.F.) will rent 1 unit of ca. 6,000 m² for a fixed period of 9 years in the ca. 18,000 m² building. For the other two units (ca. 12,000 m²), Montea has already signed a lease with DSM Food Specialties France SAS. This brings the occupancy rate of this building to 100%. In the meantime, the marketing effort continues for the remaining 6,000 m² of the other building on the site.

The transaction represents a total investment value of €11.2 million and will generate a rental income of €740,440 per year for the entire building as of April 2018.

New lease agreement with Parker Hannifin Manufacturing Belgium for 9,900 m² in Milmort (BE)

Montea and Parker Hannifin Manufacturing Belgium have signed a lease for a 9-year term for a 9,900 m² unit at the Milmort site, with a strategic location along the E313 in the direction of Antwerp and the E40 in the direction of Brussels.

This agreement is to generate a rental income of €283,000 per year as of August 2017.

The Parker group is a world leader in the production and distribution of components for the mobile, industrial and aerospace sector (www.parker.com).

Second lease with Nippon Express Belgium for 5,300 m² in Willebroek (BE)<>

Montea and Nippon Express Belgium have once again signed a lease for a 9-year term for a 5,300 m² unit on “De Hulst” in Willebroek. This sustainable logistics estate boasts a unique location between the A12 and the E19 Brussels/Antwerp motorways.

Nippon Express Belgium is already a lessee of a 6,000 m² built-to-suit project at Brucargo in Zaventem (www.nipponexpress.com).

The new agreement is to generate a rental income of €263,000 per year as of September 2017.