Thursday, 2 October 2025
Deka Immobilien has acquired a newly developed logistics property in Mechelen, Belgium, from MG Real Estate. The asset will become part of the portfolio of the Deka-ImmobilienEuropa open-ended real estate fund. The transaction amount has not been disclosed.
Completed in 2024, the MG Park Malinas distribution centre offers approximately 71,500 square metres of leasable space, including 110 parking spaces and 33 loading docks. The facility is fully leased on a long-term basis to a subsidiary of Kellanova, the food manufacturing company formerly known as Kellogg’s. Located near Kellanova’s production site, the facility enables efficient distribution across the Benelux region and northern France. MG Real Estate will continue to manage the property, supporting the tenant’s day-to-day operations.
The logistics centre is situated in Mechelen, a key logistics hub positioned between Brussels Airport and the Port of Antwerp. The region is part of the Brussels–Antwerp–Ghent logistics triangle, which offers strong motorway connections and infrastructure for supply chain activities. A rooftop photovoltaic installation with an estimated capacity of 9.5 MW is planned for the building. The property is also targeting a BREEAM “Excellent” sustainability certification.
Jack Schulte, branch manager for Deka Immobilien in Brussels, noted that the acquisition represents the company’s first step into the Belgian logistics sector. “Following our long-standing presence in Belgium with offices, retail properties, and hotels, we are pleased to expand into logistics. Belgium’s central location in Europe makes it a strategic market for us,” he said.
MG Real Estate CEO Ignace Tytgat emphasised the significance of redeveloping a former brownfield site into a high-quality logistics centre. He added that MG would continue to support Kellanova through its facility management services.
With this acquisition, Deka-ImmobilienEuropa secures a modern logistics asset in a competitive sub-market, underpinned by a reliable long-term tenant. The property is expected to generate stable income for the fund over the long term.
