Logistics portfolio expanded with new development in Belgium
Deka Immobilien has acquired a premium asset in the Belgian logistics market for its open-ended real estate fund Deka-ImmobilienEuropa. The property, MG Park Malinas, is a state-of-the-art new development offering approximately 71,500 sqm of rental space, 110 car parking spaces, and 33 truck loading bays.
The acquisition was carried out via our Belgian branch. The seller is MG Real Estate BELGIUM NV. The property is fully and long-term leased to Wimbles Services, a subsidiary of international snack manufacturer Kellanova. It is located in close proximity to the company’s production site, providing optimal conditions for distribution across the Benelux countries and northern France. A photovoltaic system is planned for the roof, which is expected to generate additional income. A BREEAM certification with an “Excellent” rating is also being targeted.
Mechelen is an established logistics hub situated between Europe’s second-largest port in Antwerp and Brussels Airport, with direct motorway access. It forms part of the Brussels–Antwerp–Ghent logistics triangle, the most sought-after logistics submarket in Belgium.
After many years of successful asset management at Deka with office buildings, retail properties and hotels, we've now been able to get Deka into the logistics sector of the Belgian market too. Because of its central location in Europe, the logistics market in Belgium is of particular importance to us.
Jack SchulteBranch manager of Deka Immobilien in Brussels
