Ashurst has advised Montea NV on the purchase of a logistics centre in Hamburg from a fund managed by Tristan Capital Partners by way of a share acquisition. The 89,000 m² logistics asset is located in the port of Hamburg and has a lettable area of 63,500 m² with five buildings, which are fully let to five tenants. Montea’s total investment amounts to ca. 50 million euros.
Montea is a listed Belgian REIT specialising in logistics and semi-industrial real estate in Belgium, the Netherlands, Germany and France. Its property portfolio represents a a total surface of ca. 2 million m². This is the company’s third logistics acquisition in Germany, where it intends to further expand its presence through acquisitions and project developments focussing on port and airport locations.
The Ashurst team advised under the leadership of partner Nicolas Deuerling. He was supported by partner Jan Krekeler (Corporate), partner Dr Anders Kraft (Tax) as well as by counsel Dr Susanne Knoch (Tax), Matthias Fischer (Real Estate) and Paul Witte (Lux-Corporate), senior associates Christopher Jeschor (Real Estate) and Laurence Latuillerie (Lux-Corporate) as well as by associates Kai-Steffen Knapp, Susanne Schaad (both Real Estate) and Andreas Hofmann (Tax).
