Handover of Build-to-Suit project of approx. 21,100 m² for NSK at Tilburg (NL)
01-06-2017

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%.