12.11.2024 By: Mantra Kumar
Artikel Nummer: 51388
Montea acquires in Antwerp
Montea has acquired its first site in the port of Antwerp in Luithagen. The company signed its latest deal with the port authority late last month, aiming to refurbish the 20’000 sqm area for more sustainable operations.
The complex, comprising eleven units, has been in use for 40 years and thus requires the renovation of facades, joinery and insulation. Montea will add solar panels, heat pumps and charging points to meet sustainable building standards.
Backed by EUR 10.85 million, this venture is set to give the company a strong base at the port as well as connections to road haulage routes via the north of Antwerp. The site was purchased in exchange for 147,578 new Montea shares, making it a contribution in kind. (mk)