Regulatory Filings • Feb 10, 2010
Regulatory Filings
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Aalst, 10 February 2010 - MONTEA (NYSE Euronext/MONT/MONTP) today announced the sale of two semi-industrial buildings located in Schoten (Antwerp region). This transaction reflects the importance Montea attaches to the dynamic management of its property portfolio.
To ensure a clear focus on its core activities and the optimalisation of its property portfolio, Montea moved forward with the sale of two semi-industrial buildings located in Schoten of 1,470 m² and 3,605 m², respectively.
Montea realised the two divestments due to the fact that these non-strategic buildings no longer met the standards for its property portfolio, namely, the office/warehouse ratio and the average area per tenant. Furthermore, it permitted realisation of interesting capital gains.
The sale involves an amount of EUR 3.28 million and provides a capital gains of EUR 0.23 million (EUR 0.06 per share) compared to the fair value of the sites of EUR 3.05 million recorded by Montea as of 31 December 2009.
The selling price will bring the gearing ratio to below 56% and simultaneously gives Montea the financial resources to purchase new projects.
Montea Comm. VA is an investment company with fixed capital (Sicafi – SIIC), specialising in logistics and semi-industrial property in Belgium and France. The company aims to become a reference player in this market in the near future. Montea offers more than just storage places and aims to provide flexible, innovative property solutions to its lessees. This is how it will create value for its shareholders. As of 30/09/2009, the company's portolio extended to 380,740 m², distributed over 33 locations. Since the end of 2006, Montea Comm. VA has been listed on NYSE Euronext Brussel (MONT) and Paris (MONTP).
Joris Bulteel Whyte Corporate Affairs +32 2 738 06 21 [email protected]
www.montea.com
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