Montea enters Italy with acquisition of 10-property logistics portfolio
Bitget2026/10/30 11:35- Montea is acquiring a €344 million logistics portfolio comprising eight assets in Italy and two in Germany, entering its fifth core market.
- The fully leased or pre-let portfolio generates €20 million in net rental income, with a 5.7% average net yield.
- Portfolio net rental income rises 13%; weighted average lease duration increases to 8.3 years from 7.3 years.
- An exclusive development partnership with WLP runs through 2030, targeting at least a doubling of the Italian portfolio.
- A separate €39 million investment covers an increased Skechers joint venture stake to 49% from 40% and an expansion.
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