Luxembourg – 21 September 2026 – Mileway, Europe’s largest last-mile logistics real estate provider, has today announced results for the six months ended 30 June 2026 and published its H1 2026 Interim Financial Statements for Mileway Europe, its Continental European platform.
Key Highlights:
- Capital Structure: Transition to fully unsecured debt completed in July 2026, including an inaugural €1.5bn bond issuance
- Net LTV: 49%, within 45–50% leverage policy, and with €1bn liquidity and no maturities until 2030
- In-Place Rent: Increased 3.0% year on year from H1 2025.
- EPRA Occupancy: 93%, consistent with expectations and historical trends
- Gross Asset Value: €12.3bn, stable
The H1 2026 Investor Update and Interim Financial Statements are now available here, or can be downloaded on our website.
David McClure, Mileway Chief Executive Officer, said:
Our first-half performance reflected continued delivery against our strategy and solid leasing activity. In July, we completed the transition of Mileway Europe to a fully unsecured capital structure, including our inaugural €1.5bn bond issuance – a significant milestone for the company. With resilient market fundamentals, a highly diversified portfolio and a best-in-class operating platform, we remain confident in the business’s embedded growth potential for the remainder of 2026 and beyond.
About Mileway Europe
Mileway Europe is Mileway’s Continental European logistics platform operating in 9 countries, with a portfolio valued at €12.3bn across 920 assets and 9.3 million square metres. Mileway Europe is rated Baa2 (Stable) by Moody’s, underpinned by broad tenant diversification, and stable underlying cash flows.