Brief: Montea And Weerts Group To Develop Distribution Centre For Skechers In Liège
26/03/2025 17:08
March 26 (Reuters) - Montea NV MONTE.BR: MONTEA AND WEERTS GROUP PARTNER TO DEVELOP BELGIUM'S LARGEST SINGLE-TENANT FACILITY WILL ACQUIRE A 40% STAKE IN THE PROJECT COMPANY MAXIMUM INVESTMENT OF APPROXIMATELY €140 MILLION JOINT VENTURE HAS ENTERED INTO A 50-YEAR GROUND LEASE AGREEMENT WITH LIÈGE AIRPORT, WITH AN OPTION TO EXTEND FOR AN ADDITIONAL 49 YEARS 20-YEAR TRIPLE-NET LEASE HAS ALSO BEEN SIGNED WITH SKECHERS MAJORITY OF LEASE AGREEMENTS EXPECTED TO START IN LATE 2027, REMAINING AROUND 30% EXPECTED BEFORE 2028 END JOINT VENTURE TO DEVELOP THE NEW EUROPEAN DISTRIBUTION CENTRE FOR SKECHERS IN LIÈGE Source text: https://tinyurl.com/vnd82saf Further company coverage: MONTE.BR (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
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