March 26 (Reuters) - Montea NV:

* MONTEA AND WEERTS GROUP PARTNER TO DEVELOP BELGIUM'S

LARGEST

SINGLE-TENANT FACILITY

* WILL ACQUIRE A 40% STAKE IN THE PROJECT COMPANY

* MAXIMUM INVESTMENT OF APPROXIMATELY €140 MILLION

* JOINT VENTURE HAS ENTERED INTO A 50-YEAR GROUND LEASE

AGREEMENT

WITH LIÈGE AIRPORT, WITH AN OPTION TO EXTEND FOR AN ADDITIONAL

49 YEARS

* 20-YEAR TRIPLE-NET LEASE HAS ALSO BEEN SIGNED WITH

SKECHERS

* MAJORITY OF LEASE AGREEMENTS EXPECTED TO START IN LATE

2027,

REMAINING AROUND 30% EXPECTED BEFORE 2028 END

* JOINT VENTURE TO DEVELOP THE NEW EUROPEAN DISTRIBUTION

CENTRE

FOR SKECHERS IN LIÈGE

Source text: https://tinyurl.com/vnd82saf

Further company coverage:

(Gdansk Newsroom)