Montea signed strategic partnership with Panafrance in France (FR)

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 . The site can accommodate the development of 2 distribution centers 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 specializes 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.
Jo De Wolf, CEO Montea:“ In 2014, we have managed to expand the Montea portfolio by over €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.”
Source: Montea