Montea strengthens its presence in Germany and lays the foundation for expanding its portfolio in Italy.

Montea acquires logistics portfolio from WLP and agrees development partnership for Italy

Frankfurt am Main, 29 October 2026

Montea is acquiring a portfolio of ten logistics properties from Weerts Logistics Parks (WLP) with a total area of around 310,000 m² and a transaction value of EUR 343 million. Eight properties are located in Italy and two in Germany. In addition, the two companies are entering into an exclusive development partnership for the Italian market until 2030. With this, Montea strengthens its presence in Germany and lays the foundation for expanding its portfolio in Italy.

Montea is acquiring a logistics real estate portfolio of ten properties in Italy and Germany. Copyright: Montea.

Montea, an investor and developer of logistics real estate in Belgium, the Netherlands, France and Germany, is acquiring a logistics real estate portfolio worth EUR 343 million from Weerts Logistics Parks (WLP), thereby entering the Italian market. The transaction comprises eight properties in Italy and two in Germany with a total area of around 310,000 m².

The portfolio is fully let or pre-let and has an internationally diversified tenant base. The average net initial yield is 5.7 percent, and the weighted average unexpired lease term (WALT) is 16 years.

Montea strengthens its presence in Germany

The two German properties are located in Hanover and in Schkeuditz, south of Leipzig. The Hanover property has a lettable area of 10,372 m², the Schkeuditz property 40,819 m². Only recently, Montea acquired a logistics property of around 23,000 m² in Cargo City Süd at Frankfurt Airport.

Montea logistics sites in Germany with the new properties in Hanover and Leipzig South. Copyright: Montea.

“With the properties in Hanover and Leipzig, we are significantly strengthening our position in Germany. Together with the recently announced transaction near Frankfurt Airport, we have doubled our portfolio at key logistics locations in Germany from three to six. Germany remains a core market for us, and we are continuing with conviction to build a strong, future-proof platform there,” says Jo De Wolf, CEO of Montea.

Jo De Wolf, CEO of Montea. Copyright: Montea.

Market entry in Italy

With the acquisition, Italy becomes Montea's fifth core market. The Italian market is characterised by a high occupancy rate, continued rental growth, limited supply of space and strong demand from occupiers. With the new properties, the company is strengthening its presence along the Rhine-Alpine corridor. Furthermore, the exclusive development partnership with WLP until 2030 provides access to local expertise and development capabilities. It supports Montea's goal of at least doubling its Italian portfolio.

Transaction increases growth capacity

The transaction is financed through the issue of new Montea shares to WLP. The issue price is EUR 82.97 per share, 1.3 percent above the most recently reported EPRA net tangible assets (EPRA NTA) of EUR 81.92 per share. The new shares will be entitled to dividends from the 2027 financial year. Upon completion of the transaction, WLP will hold ten percent of Montea and will thus participate in the company's further development over the long term.

Completion is subject to the approval of the extraordinary general meeting on 3 December 2026 and is expected on or around 15 December 2026. Montea confirms its forecast of annual growth in EPRA earnings per share of seven percent for 2026 and 2027.

About Montea “Space for Growth”

Montea NV is a listed real estate company under Belgian law (GVV/SIR) specialising in logistics real estate in Belgium, the Netherlands, France and Germany. The company is one of the leading players in this market. Montea literally offers its customers the space they need to grow, relying on flexible and innovative real estate solutions. In this way, Montea creates value for its shareholders. As at 30 September 2026, Montea's real estate portfolio comprised a total lettable area of 2,453,032 m² at 127 locations. Montea NV has been listed on Euronext Brussels (MONT) and Euronext Paris (MONTP) since the end of 2006.