14 april 2021
07:14
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The specialist in logistics real estate easily collects almost a quarter of a billion and can continue until mid-2022. “Comfortable in uncertain times.”
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On rival WDP Montea is now also correct
to Wall Street. The specialist in logistics real estate raised 235 million euros from six large American investors through the issue of green bonds with maturities of 10 to 15 years.
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Investors are satisfied with an annual return of 1.28 to 1.44 percent. Ergo: CEO Jo De Wolf can thus significantly extend the term of the debts at minimal cost. Loudly the annual report for 2020 Montea’s debts had an average term of 3.9 years at the end of December and an average interest rate of 1.9 percent.
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We now have sufficient funding until mid-2022, a comfortable position in uncertain times.
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“We are extending the term of the debts at a lower interest rate,” notes CFO Els Vervaecke. ‘We now have sufficient financing until mid-2022, a comfortable position.’
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The proceeds of the emission are obliged to go to sustainable assets, such as energy-neutral warehouses and renewable energy. According to the annual report, the solar panels in the Montea warehouses will have a capacity of 38 MWp by the end of 2020. That is good for a production of 35,500 MWh, the equivalent of the consumption of 10,000 families or a CO2 reduction of 565 hectares of forest.
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