Montea brings a successful 2018 to a close with the delivery of 3 projects in Belgium (€ 29.6 million)
20-12-2018

20,723 m² State-of-the-art distribution centre at Flexport, Liege airport  

  • Development at risk at Liege Airport
  • € 14.6 million investment
  • Unique logistics center let to Malysse-Sterima with a.o. sterilization rooms  
  • Several long term contracts with a.o. Easylog and Sinotrans

 

12,802 m² State-of-the-art distribution centre for Edialux (Pelsis Group) in Bornem

  • Build-to-suit building at a strategic location
  • € 9.0 million investment  
  • Logistic activity and production unit
  • The building meets the specific and most severe standards in compliance with the Seveso legislation

 

10,108 m² TAPA-A distribution centre for  World Wide Flight Services (WFS) in Brucargo

  • Build-to-suit building at Brucargo
  • € 6.0 million investment
  • Logistics distribution center with conditioned zones
  • The building meets the specific TAPA-A standards

 

Positive impact on Montea’s most important objectives

Together, the developments represent an investment value of € 29.6 million, whereby Montea has achieved its growth target of € 900 million at he end of 2018. Given their term of years, these contracts will even improve the average term of > 8 years on the first expiry date.

 Upon full rental, the initial yield amounts to 6.75% and the rental income increases by € 2.16 million.