Logistics specialist Montea has announced plans to expands its activities to Germany as part of its international expansion strategy.
The firm, which is currently active in Belgium, France and the Netherlands, is joining forces with the Impec Group to search for development and investment opportunities in the country. Under the agreement, Montea will act as a financial partner for these projects during the development phase as well as investor for the end products.
Montea expects to announce its first projects in Germany before the end of this year.
‘This decision was not taken overnight. Its central location, excellent infrastructure, high-technology and building standards make Germany today Europe’s most attractive logistics market. We therefore fully believe that we can achieve our ambitions in Germany through a strong cooperation with the Impec Group,’ said Jo De Wolf, CEO of Montea.
Like Montea, Impec has grown out of a family business and shares Montea’s same values with a focus on a long-term value creation through built-to-suit developments.
Impec has developed over 550,000 m2 of leased storage space and has transacted some €400 mln in the past years.
‘With Montea as a financially robust partner, we will be able to increase our impact significantly and in so doing meet the increased demand for high-quality real estate and our own ambition,’ commented Domenique Mannsperger, director Montea Germany.
