Real estate developer BVI.EU announces the sale of its Light-industrial and office project, fully leased to BorgWarner Luxembourg Automotive Systems S.A, located in Bascharage (Luxembourg), to MiDEAL Group.
Developed by BVI.EU on Rue Héierchen in the municipality of Käerjeng, the property benefits from excellent connectivity via the A13 motorway, N5 and E44, providing efficient access to Luxembourg City, Esch-sur-Alzette, the Belgian border and surrounding industrial and logistics zones.
Completed in January 2026, the mixed-use Light-industrial and office building, with a total constructed area of approximately 16,180 m², has been designated to host the BorgWarner Technical Center Luxembourg under a long-term lease agreement. The facility serves as BorgWarner’s sole Luxembourg site and a strategic Electric and hybrid vehicle innovation hub, supporting the group’s transition toward electric and hybrid mobility. The property combines laboratory space, R&D units, testing rooms, offices, a canteen, mezzanine areas and generous terraces. The asset was developed to best-in-class institutional standards, with sustainability credentials underpinned by a BREEAM Excellent certification.
BorgWarner Inc., headquartered in Auburn Hills (Michigan, USA), is one of the world’s 25 largest automotive suppliers, with around 52,000 employees and operations across 24 countries. The tenant is a subsidiary of BorgWarner Inc. which is traded in the NYSE, rated BBB+ and has a Market value of $12.98 billion.
This sale illustrates the relevance of our Build-to-Suit strategy: developing tailor-made, sustainable buildings for top-tier tenants and offering institutional investors turnkey assets with strong fundamentals. We are proud to have delivered a high-quality project that meets BorgWarner’s specific operational needs while creating long-term value for our partners.
Raviv Koren, Managing Partner at MiDEAL, said: « This acquisition illustrates MiDEAL’s ability to execute where an opportunity requires flexibility, handling of complex situations, commercial understanding and conviction. Sourced off-market and acquired during its development phase, the transaction involved a tailored underwriting approach across construction, financing and closing execution. Luxembourg remains a highly compelling market, supported by strong fundamentals, and attractive risk-adjusted returns. We are pleased to add this asset to the portfolio as part of our continued expansion across Europe. »
This transaction further strengthens the long-standing relationship between BVI.EU and MiDEAL Group, and reflects a shared vision of sustainable, future-proof real estate investment.
About MiDEAL Group
MiDEAL Group is a pan-European real estate fund manager with offices in Luxembourg, Germany and Tel Aviv. The firm manages a commercial real estate portfolio of approximately EUR 1.0 billion across Europe, with a strong focus on Germany, and equity commitments of approximately EUR 500 million raised predominantly from leading Israeli pension funds and insurance companies. MiDEAL’s strategy is primarily focused on the acquisition and active management of logistics assets, complemented by selective exposure to office and retail properties to create a diversified and resilient portfolio. Through a discretionary fund structure, MiDEAL is able to act with speed, flexibility and execution certainty across complex and time-sensitive transactions.
About BVI.EU
For more than 25 years, BVI.EU has positioned itself as an international leader in the development of SME parks and mixed-use business parks. In addition, the company designs flexible and future-proof Build-to-Suit buildings tailored to the specific needs of semi-industrial real estate.
Its projects, recognized for their architectural quality, contribute to economic ecosystems, create jobs and support business growth and innovation across Europe.
By developing flexible SME parks, BVI.EU stimulates local economies while ensuring sustainably designed infrastructure that supports efficient mobility. The company places strong emphasis on transparency and dialogue with local communities, ensuring that each project is aligned with its environment and the expectations of all stakeholders.
BVI.EU operates in Belgium, the Netherlands, Luxembourg, France and Germany, with a team of more than 30 specialists and a development and investment pipeline exceeding €1 billion.
Press Contact
For further information:
BVI.EU – Jurgen Mesens, jm@bvi.eu, +32 476 37 29 52
MiDEAL Group – Vered Bisror, office@midealgroup.com, +972-72-2400228
