PropertyEU

Montea purchases logistics platform for EUR 35m

By A staff reporter 2010-06-01T00:00:00

Euronext-listed Montea said it has acquired a class-A logistics platform in Saint-Cyr-en-Val, south of the French city of Orléans for over EUR 35 mln, reflecting a gross yield of 8.5%. The investment will be entirely funded with bank loans and/or a capital increase, the Belgian logistics group said.

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