Montea Nederland sees that the Dutch investment market for logistics real estate is picking up again. The Dutch branch of the Belgian listed group recorded a rental turnover of € 11.3 million in the first quarter.
The occupancy rate of the 34 properties in the Netherlands remained at 100%. Group-wide, Montea has increased its expectation for the growth of the EPRA result in 2025 to € 4.75 per share in 2025 (previously € 4.65).
New transactions Q2 and Q3
“However, the best news cannot yet be translated into figures,” says Cedric Montanus, co-director of Montea Nederland. “That is that we see the investment market for logistics real estate in the Netherlands picking up again. Sentiment has improved considerably. That means: more and more transactions are being initiated.”
Hylcke Okkinga, co-director of Montea Nederland: “If this continues, it will become visible in the coming months as more transactions are completed. We also hope to be able to announce completed transactions again at the end of Q2 or early Q3.”
Brown and greyfields of 840,000 m²
Montea is also in a good position for developing new projects. The Dutch share in the company’s land bank is now the largest at 840,000 square meters. This only concerns brownfield and greyfield locations.
Montea also has more than 800,000 m² in France, 71% of which are brownfield and greyfield locations.
Acquisition in Hamburg
Group-wide, Montea achieved an EPRA result of € 19.8 million in the first quarter, which is 16% higher than in Q1 of 2023. A highlight in the first quarter was the acquisition of a logistics park in the port of Hamburg. This involves an investment of €50 million.
Montea is also making positive progress in the roll-out of its land bank in the four countries: the development of 23,000 m² of lettable area was started in the first three months of 2024. Environmental permits were also granted to Montea for a total lettable area of 65,000 m². 36,000 m² of long-term development potential has been added to the land bank.
