Montea acquires logistics site in the Netherlands for €24m

Belgian listed real estate company Montea is expanding its Dutch portfolio with the acquisition of a 115,400 m² site in Zaltbommel, The Netherlands, for around €24m.

Zaltbommel

The site at Van Voordenpark 15 is a strategically important logistics location near the A2 highway and the Gelderland waterway region.
The site, situated in the De Wildeman business park, offers immediate returns from an existing long-term factory lease, generating a 6.4% yield.
Montea intends to further develop the property by constructing a 25,000-30,000 m² facility on the available land, and is exploring outdoor storage leasing options as well. 
Cedric Montanus, country director of Montea Netherlands, said: “We are delighted to have secured such a strong acquisition in this highly sought-after location. It’s a fantastic opportunity to expand both our landbank and our property portfolio, creating significant value in both the short and long term. “We’re also pleased to support the seller in unlocking capital through this collaboration.”
Hylcke Okkinga, co-director of Montea Netherlands, added: “Our guiding principle is that every new development must surpass the last. This should make the Zaltbommel project our best development to date. This could include its cutting-edge energy efficiency, multifunctional use of space, landscape design, water management, construction materials, and the amenities offered to the future tenant’s employees. In the coming months, we’ll be working on exactly how we bring this vision to life.”