M&A Activity • Dec 3, 2014
M&A Activity
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REGULATED INFORMATION UNDER EMBARGO UNTIL 03/12/2014 – 7.00 AM
Aalst, 3th December 2014 – MONTEA (MONT) today announced a partnership agreement with Panafrance to develop a 103,000 m² plot of land at Camphin-en-Carembault (France).
Montea and Panafrance have signed a partnership agreement to develop a 103,000 m² plot of land at Camphin-en-Carembault. This logistics site is uniquely situated to the south of Lille on the A1 motorway, in the heart of the traffic axis running between Lille, Paris and Lyon.
Montea will be responsible for marketing the site, focusing on logistics service-providers and users. Development of the built-to-suit facility will only begin for the user once a lease agreement has been signed.
Montea "Space for Growth" - Site at Camphin-en-Carembault (FR)
The site can accommodate the development of 2 distribution centres with a total floor area of 41,000 m².
Jean de Beaufort, Directeur Général France: "We are particularly pleased to be able to work with Panafrance through this partnership on developing a unique site at this important logistical axis in France. We also look forward to combining our strengths with those of Panafrance. The way that our skills complement each other will certainly contribute to the successful development of this ambitious project."
Montea purchased an 11,200 m² logistics building at Tilloy-lez-Cambrai in 2008. The building was leased by C-Log, a subsidiary of the Beaumanoir Distribution Group that specialises in the logistics of clothing. At the time, Montea also took a purchase option for the adjoining plot of 22,000 m² on which a built-to-suit facility of 11,000 m² can be developed as a second phase. Montea will shortly proceed to the purchase of the land and start today with the commercialization of the project. Development of the built-to-suit facility will only begin for the user once a lease agreement has been signed.
Montea «Space for Growth» - Site Tilloy-lez-Cambrai (FR)
Jo De Wolf, CEO Montea: "In 2014, we have managed to expand the Montea portfolio by over EUR 100 million including through successful partnerships with developers and contractors in Belgium and the Netherlands. With the acquisition of these sites and through our collaboration with Panafrance, we hope to be able to roll out the same business model in France in 2015."
Montea Comm. VA is a regulated public property company (RPPC) under Belgian law, that specialises in logistical and semi-industrial property in Belgium and France. The company is a leading player in this market. Montea literally offers its clients the room to grow through versatile, innovative property solutions. This enables Montea to create value for its shareholders. As of 30/09/2014, Montea's property portfolio represented a total area of 619.093 m², spread across 37 locations. Montea Comm. VA has been listed on NYSE Euronext Brussels (MONT) and Paris (MONTP) since the end of 2006.
Jo De Wolf +32 53 82 62 62 [email protected]
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