Deka Immobilien has acquired a TK Maxx logistics centre in Bergheim, Germany, on behalf of a special real estate fund for EUR 20 mln. TK Maxx will use the facility to supply its branches in Germany and the Netherlands.

Cologne-based Alpha Industrial handed over a 45,000-m2 distribution centre to TK Maxx. The retailer has more than 40 stores in Germany and ambitious plans to grow the network across Europe's largest market in the coming years. The Bergheim centre, managed by Alpha, will supply TK Maxx's entire German network from December this year. The facility can also be expanded by a further 10,000 m2.

Alpha specialises in investment, development, leasing and asset management of real estate for industrial enterprises, logistics and transport companies, and retailers. It developed the German headquarters for diesel engine manufacturer Cummins and realised the biggest logistics investment in Germany in the last three years with more than 55,000 euro pallets for stock-listed Fresenius Medical Care, the world's largest integrated provider of dialysis products.