Montea has acquired a plot of land of ca.15,000 m² at activity park Schiphol Logistics Park. The site is uniquely located directly on the A4 and N201 motorways, next to the A5 and A9. A new distribution centre planned for the area will comprise ca. 4,500 m² of warehouses and two office units totalling ca. 900 m².This project will be built by the construction company Aan de Stegge Twello, and is scheduled to be delivered by April 2018. The development was initiated by Durfort Vastgoed, with advice from Industrial Real Estate Partners.
In the meantime, an initial lease has been signed with Thomsen Select, a company specialised in air cargo groupage and transport. Thomsen Select will rent half of the building for a fixed period of 10 years.
This transaction represents a total investment value of €7.12m and will generate a net initial yield of about 7.6%.
Arnoud van der Wijk, Project Manager of SADC: “We are delighted that Montea sees Schiphol Logistics Park as an important logistics hotspot. This confirms the future value of our premium logistics industrial estate at one of the most strategic locations of Schiphol.”
Montea has concluded a building lease contract with the landowner Sowaer, for the development of a plot of land of more than 51,000 m². The site is situated at the entrance of Flexport City, right next to the new logistics processing buildings. Montea will ultimately develop a total of ca. 20,000 m² of warehouse units and related offices. The total investment for phases 1, 2 and 3 will amount to €15m.
The construction of the first and second phase, ca. 12,200 m², will start in the coming days, as a long-term lease has already been signed with Malysse-Sterima. The lease is for a fixed period of 20 years and will generate an initial yield of 6.35% as of the end of 2018.
The remaining 7,000 m² of phase 2 can be delivered within a year of the signing of the lease. Talks with candidate tenants are in full swing.
Luc Partoune, CEO of Liege Airport explains: “This first development at the new Flexport City zone is a significant step towards the further development of our round-the-clock cargo airport. In addition to our own recently announced investments, this brings the total warehousing area to be developed in the short term to 35,000m².”
Luc Vuylsteke, CEO of SOWAER, which owns the land, confirms: “The development of our plots of land has accelerated the current market dynamics in air cargo at Liege Airport. More logistics companies can now consolidate and/or organize order fulfilment, which is an enormous boost for us.”
Jo De Wolf, CEO of Montea: “Our experience of long standing in airport real estate enables us to anticipate the needs of contemporary freight forwarding and logistics companies, and we are committed to the sustainable establishment of logistics suppliers at the airport. Montea has the required financial resources to be able to carry out the aforementioned operation rapidly. This first phase is a step towards the development of a fully integrated logistics park at a strategic location.”
Roissy Charles de Gaulle Airport
Montea has acquired a building in Le Mesnil-Amelot, with a unique location adjacent to Roissy Charles de Gaulle. The 3,002 m² distribution centre is divided into 2 units and is rented to Facilit’Air (1,996 m²) and Select Service Partners (1,006 m²). The total investment value amounts to € 3,29m with an initial return of 6.76%. Montea already owns the adjacent buildings and sees this investment as a complement to a previous investment.
Montea portfolio at this airport location approximates to 17,000 m².