Given the growing interest in air freight and efficient real estate solutions, the sector is attaching more and more importance to the specific expertise that Montea has acquired in airport-related logistics real estate. In concrete terms, this leads to the projects below.
Liege Airport (BE) - Montea signs 2 new leases for Flexport City site
As already announced in the press release of 8/11/2017, Montea started at Liège Airport with the development of ca. 20,000 m² in warehouse units and related offices. In phase 1 and 2, ca. 12,200 m² are being developed, 5,200 m² of which have already been let to Malysse-Sterima.(phase 1).
In the meantime, Montea has let the remaining floorspace (phase 2) to (i) Easylog Solutions BVBA, under a lease for 3,728 m² for a term of 9 years, which will generate rental income of €186,805 per year (from October 2018); and (ii) ASFS BVBA, under a lease for 3,714 m² for a fixed term of 9 years, which will generate rental income of € 186,730 per year (from December 2018).
Both companies are active in air freight and are expanding their activities are Liège Airport because of the growing success of e-commerce related new business and the presence of international players.
The investment for phase 1 and 2 will amount to ca. € 9 million, and represent a return of 7.2%.
In view of the successful results and the strong interest shown by the market, Montea is now considering to proceeding further with phase 3, with ca. 7,500 m² floorspace.
Roissy Charles de Gaulle Airport – Acquisition of 1,448 m² building at Le Mesnil-Amelot (FR)
Montea acquired a building in Le Mesnil-Amelot, uniquely situated at Roissy Charles de Gaulle airport. The 1,448 m² distribution centre is divided into 2 units and is let to BH Catering (918 m²) and SGSF Aéro (530 m²). The total investment value amounts to €1.8 million at an initial return of 6.8%. With this transaction, Montea’s portfolio at this airport location exceeds 20,000 m².