In June 2016 Montea started, in cooperation with Built to Build, with the development of a distribution centre for NSK European distribution centre in the logistics zone Vossenberg West, at Tilburg.
One month earlier than the predetermined timing, the state-of-the-art logistics distribution center was delivered today, consisting of 17,300 m² of storage space, 1,900 m² of offices and 1,900 m² of mezzanine. The building will be rented for a fixed period of 10 years, the initial rent is € 1 million per year.
This transaction represents a total investment value of € 15.4 million (in line with the investment value determined by the real estate expert), is financed by proper capital and will generate an initial gross yield of approx. 6.50%.
Share this article
Receive latest news
Thank you for your interest! You will receive your first newsletter shortly.
Capital increase 2017 of max. EUR 68.0 million to finance the growth strategy
Montea confirms the prospect of EPRA earnings of EUR 26 million for financial year 2017 with a gross dividend of EUR 2.17 per share
Subscription ratio: 6 Irreducible allocation rights entitle holders to subscribe to 1 new share
Issue price: EUR 41.0 per new Montea share; this represents a discount of 6.9% with regard to the theoretical price (after detaching the irreducible allocation right and detaching the pro rata dividend for the period 1 January 2017 to 30 September 2017 that will not be attributed to the New Shares)
Subscription period: from 14 September 2017 to 21 September 2017
ING and KBC Securities act as Joint Global Coordinators and Joint Book runners