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Montea : gets foothold on German soil

08/26/2021 | 12:01pm

Montea is expanding its landbank with the purchase of two redevelopment projects in Mannheim and Leverkusen.

  • Acquisition of an 83,000 m² grey field site at a strategic location in Mannheim
  • Sale & lease back of a logistics building with redevelopment potential in Leverkusen

The total investment to date approximately amounts to €43 million. Through an initial rent of €1.8 million Montea realises an initial yield of 4.2% on these sites.

These transactions are in line with Montea's growth plan Track'24 by which its portfolio will grow to €2.2 billion by the end of 2024.

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Montea COMM.VA published this content on 26 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 August 2021 16:00:10 UTC.

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