Real estate company Montea is starting the new year with “strong growth” thanks to a number of cooperation agreements and new acquisitions in Belgium and the Netherlands. Thanks to the transactions, the portfolio will grow by more than 300,000 square meters of buildings, the listed specialist in logistics real estate reported on Tuesday.
In her country, Montia, for example, will collaborate with the Cordel construction group to develop 230,000 square meters of new logistics buildings in Tongren, Zile and Vilvoorde. Montea is also responsible for building Expologic in Ghent.
Montea is expanding the portfolio of its northern neighbors with the acquisition of PostNL leased premises in s-Hertogenbosch and Zwolle. In Tilburg, Montea acquires a building from the logistics company Barsan.
“In line with our on-track growth plan, we aim to achieve the largest growth in our company’s history over the next three years,” CEO Joe de Wolf said in a press release.
No financial details were mentioned. It’s great growth. At the end of the first half of 2021, Montea reported a real estate portfolio of just under 1.5 million square metres, mainly in Belgium and the Netherlands, but also in France.
Unlimited free access to Showbytes? And that can!
Sign in or create an account and never miss a thing from the stars.
Maya Angelou is a contributor to The Cheraw Chronicle, covering a broad range of topics including news, politics, business, technology, sports, entertainment, and lifestyle. She focuses on delivering clear reporting, useful information, and timely coverage of current events that matter to readers. Her work aims to provide balanced perspectives and accessible insights, helping audiences stay informed about developments in their communities and beyond through accurate, reader-focused storytelling.
More Stories
Auto Industry Warns of Motor Oil Shortages as Middle East Conflict Disrupts Supply Chains
YouTube Premium Price Increase Stands Apart in Crowded Streaming Market
U.S. Economy Showed Signs of Strain Even Before Iran Conflict, New Data Suggests