Alost, Belgium—July 1, 2014—After some extensive market research, the logistics service provider Movianto picked the public property investment trust, Montea, which already owns its current site in Erembodegem (Alost), as its exclusive partner for completing the development and the financing of an additional distribution center in Alost. The two companies’ intention to work together will result in the purchase of 46,000 square meters of land in the industrial zone Zuid IV in Erembodegem for the construction of a logistics distribution center of about 13,000 square meters, with two GDP transshipment areas and adjacent offices.
The new site is to be built during the first half of 2015 and able to accommodate 167 employees. Movianto will thus exponentially increase its storage capacity, which is a key factor for its growth, and its desire to continue to expand its transport activities and transfer them to the new site.
The fact that this project creates new workplaces and that Movianto fits perfectly into Alost’s profile as a host town, influenced Solva’s decision to allocate this land parcel to two Alost area companies.