Accelerating towards a sustainable future
Watch the video below to see how Montea's new, ambitious growth plan will drive investments, innovation, and sustainability over the next four years—creating lasting value for the future.
Our most ambitious growth plan yet
With the announcement of Track27 in September 2024, Montea unveiled its most ambitious growth plan to date. This four-year strategy includes investments totaling €1.2 billion, which will increase our portfolio value by more than 50% to €3.5 billion by 2027. As a result, we target a +6% p.a. EPRA EPS growth on average throughout end 2027, reaching EPRA EPS of €5.60.
Recent milestone include a major step forward in France with the acquisition of the Reverso portfolio, adding 17 strategically located sites and boosting our French portfolio to 35 properties, representing a total value of over €400 million.
Growing through disciplined financial allocation and focus on operational excellence
Montea plans to achieve growth through disciplined capital allocation, with a clear focus on operational excellence. Track27 is built on our solid financial position, characterized by:
- Average cost of debt not exceeding 2.5%
- Net debt/EBITDA ladj.] of circa 8x
- Minimum occupancy rate of 98%
- Operating margin of 90% by 2027
Sustainability at the Core
Montea aims to take a leading role in sustainability. Around 80% of our extensive land bank consists of grey- and brownfield sites—lands that previously had an industrial function. Today, we transform these sites into innovative real estate solutions for the logistics sector.
We have spent €15 million on land remediation in recent years.
As part of Track27, Montea is committed to achieving a 45% reduction in GHG emissions by the end of 2027, and retaining our 55% reduction target by 2030. All our new developments are zero emission buildings. We will also invest €75 million in green energy projects by end 2027, including:
- Doubling our solar panel capacity across our properties to 135MWp
- Investing c. €50 million in 100MWh of Battery Energy Storage Systems (BESS) to enable greater energy independence of our tenants
Securing the future of logistics
The logistics landscape is evolving, and Montea continues to lead the way. Our sector remains essential, providing critical storage solutions as a buffer between producers and consumers. With the continued rise of e-commerce and a focus on localized supply chains, demand for strategically located warehouses will grow.
In addition to goods storage, we are investing in energy solutions. Our sites are becoming future-proof, with increasing off-grid capabilities:
- Local energy production via solar panels and battery storage
- Water harvesting systems to transform rainwater into drinking water, supporting nearby businesses
We are proud to work with our clients on energy savings and the transition to green mobility, ensuring a more sustainable future for all.
Want to learn more about our Track27 growth plan?
Click below to contact Inna Maslova, our Investor Relations Manager
