Montea

• Capital increase with priority allocation rights of 2,298,363 new shares, corresponding to c. 11.1% of the company’s pre-deal outstanding share capital and generating gross proceeds of €154 million for Montea
• The transaction was announced simultaneously with the company’s new €1.2 billion Track27 growth plan and a €151 million portfolio acquisition in France, followed by a six-day international roadshow during which management had meetings with over 90 investors
• The subscription price was set at €67.00 per share, representing a 9.3% discount to the theoretical ex-rights price of €73.84 and the lowest discount for a Belgian Real Estate capital increase with priority allocation rights in more than six years
• The company’s largest shareholders, Family De Pauw and Patronale Life, committed prior to announcement to exercise part of their rights for a minimum amount of c. €26 million
• 91.5% of the new shares were subscribed for via the exercise of rights during the subscription period, demonstrating strong support from existing shareholders and other holders of rights
• The order book of the rump placement of the remaining shares on offer was covered within five minutes and ultimately covered multiple times. High demand from existing shareholders and new long-only investors enabled placing the rump shares at a price equal to the last market price
• This transaction marks Van Lanschot Kempen’s second transaction for Montea, following the successful €126 million Accelerated Bookbuild Offering in 2023 and in both transactions with a leading syndicate position. 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 fast-growing client

This transaction adds to Van Lanschot Kempen’s list of achievements in the European Real Estate Logistics sector. More specifically, this capital increase marks Van Lanschot Kempen’s twenty-fifth Logistics Real Estate transaction since 2020. The aggregated deal volume since amounts to c. €6.4 billion, among which:

• €280 million of capital increases by Montea
• SEK 10 billion of capital increases by Catena
• €800 million of Accelerated Bookbuild Offerings by WDP
• €150 million Accelerated Bookbuild Offering by Argan
• €625 million green loan raise by DHG
• €1.2 billion public takeover of Deutsche Industrie REIT-AG by CTP, advising CTP
• €480 million of capital increases by Tritax EuroBox
• €330 million non-listed equity raise by Aquila Capital
• €948 million Initial Public Offering by CTP