Regulatory Filings • Sep 5, 2017
Regulatory Filings
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PRESS RELEASE – REGULATED INFORMATION EMBARGO UNTIL 05/09/2017 – 5:45 PM
THESE THREE LEASES WILL TOGETHER GENERATE AN ANNUAL RENTAL INCOME OF € 1.29 MILLION
In December 2014, Montea and Panafrance concluded a partnership agreement for the development of a logistics platform on a 103,000 m² plot in Camphin-en-Carembault1 . Two distribution centres are being developed on the plot of ca. 18,000 m² and ca. 24,000 m² (total floor space: ca. 42,000 m²).
Danone (D.P.F.F.) will rent 1 unit of ca. 6,000 m² for a fixed period of 9 years in the ca. 18,000 m² building. For the other two units (ca. 12,000 m²), Montea has already signed a lease with DSM Food Specialties France SAS. This brings the occupancy rate of this building to 100%. In the meantime, the marketing effort continues for the remaining 6,000 m² of
the other building on the site.
The transaction represents a total investment value of €11.2 million and will generate a rental income of €740,440 per year for the entire building as of April 2018.
Montea and Parker Hannifin Manufacturing Belgium have signed a lease for a 9-year term for a 9,900 m² unit at the Milmort site, with a strategic location along the E313 in the direction of Antwerp and the E40 in the direction of Brussels.
This agreement is to generate a rental income of €283,000 per year as of August 2017.
The Parker group is a world leader in the production and distribution of components for the mobile, industrial and aerospace sector (www.parker.com).
Montea and Nippon Express Belgium have once again signed a lease for a 9-year term for a 5,300 m² unit on
€263,000 per year as of September 2017.
"De Hulst" in Willebroek. This sustainable logistics estate boasts a unique location between the A12 and the E19 Brussels/Antwerp motorways.
Nippon Express Belgium is already a lessee of a 6,000 m² built-to-suit project at Brucargo in Zaventem (www.nipponexpress.com).
The new agreement is to generate a rental income of
1 For more information, see the press release of 03/12/2014 and of 30/05/2017 or go to www.montea.com.
Montea Comm. VA is a public property investment company (PPIC – SIIC) under Belgian law specialising in logistical property in Belgium, France and the Netherlands, where the company is a benchmark player. Montea literally offers its customers room to grow by providing versatile, innovative property solutions. In this way, Montea creates value for its shareholders. Montea was the first Belgian property investor to be awarded the Lean & Green Star in recognition of effectively reducing CO2 emissions in the Belgian portfolio by 26%. On 30/06/2017 Montea's property portfolio represented total space of 887,659 m² across 51 locations. Montea Comm. VA has been listed on NYSE Euronext Brussels (MONT) and Paris (MONTP) since 2006.
Jo De Wolf www.montea.com +32 53 82 62 62 [email protected]
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