08/26/2021 | Press release | Distributed by Public on 08/26/2021 09:50
Montea is expanding its landbank with the purchase of two redevelopment projects in Mannheim and Leverkusen.
The total investment to date approximately amounts to €43 million. Through an initial rent of €1.8 million Montea realises an initial yield of 4.2% on these sites.
These transactions are in line with Montea's growth plan Track'24 by which its portfolio will grow to €2.2 billion by the end of 2024.