Only 1.5 month after the signing of the first build-to-suit project for DSM at the Logistics Park in Camphin-en-Carembault (FR), Montea and GBS (Groupement des Bières Spéciales) sign a lease agreement for a period of 9 year for the development of a second build-to-suit project. The building of approximately 24,400 m² is divided into 4 units, of which GBS will rent approx. 18,500 m² (3 units). GBS will use the building as a distribution centre for France (www.gbs-solutions-boissons.fr).
The building will be operational in the first quarter of 2018. The development represents a total investment value of approx. € 14.1 million. Upon letting the fourth unit, which Montea expects to conclude before the building is delivered in the beginning of 2018, this distribution centre will generate an additional rent of approximately € 1 million per year.
In May 2017 Montea already announced the development of a first customised distribution centre of ca 18.000 m² on the Camphin-en-Carembault site. DSM Food Specialties France SAS will rent ca 12,000 m² (2 of the 3 units) for a fixed period of 9 years.
