Montea signs 2 new leases for Liege Airport (BE) and acquires 1,448 m² distribution centre in Le-Mesnil-Amelot (FR)

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.