Montea strengthens logistics presence in Flanders

Belgian real estate group Montea has strategically boosted its presence in Flanders by acquiring the former Euro Shoe site in Beringen, Limburg. 

Euro Shoe Site, Beringen

This acquisition, valued at €19.2 mln, positions Montea in a prime logistics location with excellent access to the E313 and E314 motorways, connecting it to major cities like Antwerp, Liège, and Brussels.
A key advantage of the site is its direct access to the Albert Canal, providing multimodal transport options. The property itself is substantial, featuring a 53,475 m² multifunctional site that includes over 20,000 m² of warehouse space and 2,500 m² of offices. Originally built in 2005 and renovated in 2023, it also offers ample parking and potential for future expansion.
Montea expects a net operating income yield of at least 7% at market rent, with lease negotiations already underway. This acquisition reinforces Montea's strategy of investing in prime-located, multimodal logistics hubs in desirable areas with limited available land.
Xavier Van Reeth, country director of Montea Belgium, stated: “With this investment, Montea is taking over a site located in Limburg’s key logistics hub for transport and distribution, with additional expansion opportunities. Over the years, the location has already demonstrated its strong potential thanks to its strategic position and the flexibility it offers for constructing warehouse configurations.”