Montea

• Capital increase via an accelerated bookbuild offering of 1,802,521 new shares, corresponding to c.9.8% of the company’s outstanding shares prior to the capital increase, at a fixed issue price of €69.90 per share, generating gross proceeds of €126 million for Montea
• The issue price of €69.90 per share represented a discount of 3.98% compared to the share price immediately prior to suspension of trading on the launch day (€72.80 per share), which is the lowest discount in continental European real estate capital increases in 1.5 years
• The tight fixed pricing resulted from a market sounding exercise in which a carefully selected and limited group of blue chip specialist investors provided demand indications significantly exceeding the transaction size prior to launch. The order book was covered within 15 minutes post launch and the final order book was multiple times covered, with the majority of shares allocated to real estate specialist investors and existing shareholders
• The net proceeds of the transaction will be used to bring 1 million sqm of the existing land bank into development – resulting in 600,000 sqm of new-build projects - at an average net initial yield of 7.0%. In addition, the net proceeds of the transaction will be used to respond to potential market opportunities in the four countries in which Montea operates
• This transaction marks Van Lanschot Kempen’s first transaction for Montea, immediately taking a leading syndicate position and as the only non-lending bank involved. We are proud to be recognized as a real estate specialist house and to be given the vote of confidence for this transaction by a new, fast-growing client

• Montea is a public regulated real estate company under Belgian law (GVV/SIR) that specialises in logistical property in Belgium, the Netherlands, France, and Germany. Montea literally offers its customers the space they need to grow through versatile and innovative property solutions
• As of 30 September 2023 the property portfolio represented a total space of 1,921,172 sqm spread across 94 locations, with a total value of over €2.2 billion. Montea is listed on Euronext Brussels and Euronext Paris since 2006, and is part of the BEL® ESG Index

This transaction marks Van Lanschot Kempen’s sixteenth logistics real estate transaction since 2020, with a combined deal volume of c. €5 billion, among which:

• €1.2 billion public takeover of Deutsche Industrie REIT-AG by CTP, advising CTP
• €948 million initial public offering of CTP
• €625 million green loan raise by DHG
• €500 million of accelerated bookbuild offerings by WDP
• €480 million of capital increases by Tritax EuroBox
• SEK 4.9 billion of capital increases by Catena