Delin Capital Asset Management (Dcam) incluye a España en su plan de inversión

Parece que los fondos internacionales se han fijado en España, en todos los sectores y también en el logístico. Da prueba de lo que estamos comentado que Delin Capital Asset Management (Dcam) ha incluido a nuestro país en su plan de inversión. Con este plan se tiene como objetivo el desarrollo de 900.000 metros cuadrados de nuevo espacio logístico en tres de los mercados europeos más importantes, como son Holanda, Reino Unido y España.

Dentro de España parece que han puesto sus objetivos en Madrid. Esto es lo que opina de esta ciudad el director de desarrollo de Dcam: “Ofrece una oportunidad atractiva para los inversores, ya que la economía doméstica se está recuperando y el aumento del gasto de los consumidores respalda el rápido crecimiento del ecommerce“.

Al parecer la compañía ya tiene claras una serie de oportunidades para invertir. Hay que tener en cuenta que Dcam dispone de 3 líneas de negocio, que son un fondo administrado en 2012, un vehículo de inversión establecido con Blackstone el pasado año con el fin de comprar activos ya existentes y un fondo de desarrollo.

No podemos olvidar que Dcam va a invertir 400 millones de dólares en Holanda para desarrollar unos 390.000 metros cuadrados de espacios logísticos.


Delin Capital ontwikkelt voor 400 miljoen euro aan logistiek vastgoed

Logistiek vastgoed ontwikkelaar en belegger Delin Capital Asset Management (DCAM) is in Europa bezig met de ontwikkeling van rond de 900.000 vierkante meter aan logistiek vastgoed in onder andere het Verenigd Koninkrijk en Spanje. Nederland is goed vertegenwoordigd met in totaal 300.000 vierkante meter met een waarde van 400 miljoen euro.

Delin Capital ontwikkelt voor 400 miljoen euro aan logistiek vastgoed

Dat heeft Delin maandag bekend gemaakt, meldt Vastgoedmarkt. Momenteel is 126.000 vierkante meter logistiek vastgoed  in aanbouw, terwijl de voorbereidingen voor de bouw van nog eens 174.000 vierkante meter gaande zijn. 90.000 vierkante meter is voorverhuurd, het overige deel wordt op risico ontwikkeld.

Nieuw e-commerce dc Lidl

In Moerdijk en Rotterdam werden recentelijk twee projecten van respectievelijk 17.000 vierkante meter en 15.000 vierkante meter voorverhuurd aan logistiek dienstverlener Van der Helm. In Oud Gastel bij Roosendaal is Delin vorig jaar gestart met de realisatie van een nieuw Europees e-commerce distributiecentrum voor Lidl op bedrijventerrein Borchwerf II.

Medio dit jaar start nieuwbouw

Voor 174.000 vierkante meter zijn de vergunningen aangevraagd, meldt de logistiek vastgoed ontwikkelaar. De bouw in Nederland zal naar verwachting medio dit jaar aanvangen.

Nieuw acquisities in VK en Spanje

Doelstelling van DCAM, een Londense ontwikkelaar en belegger met veel Russisch kapitaal, is het realiseren van een totale projectenpijplijn in 2019 van 900.000 vierkante meter aan logistiek vastgoed verdeeld over Nederland, het Verenigd Koninkrijk en Spanje. Om die ambitie waar te kunnen maken heeft DCAM een aantal nieuwe medewerkers aangetrokken in het VK en Spanje en is volop in onderhandeling over nieuwe acquisities in beide landen.

Vraag naar mega-dc’s groeit

Volgens Managing Director Ekatarine Avdonina is er veel vraag van uiteenlopende gebruikers naar zogenoemde ‘big boxes’ dankzij de gunstige economische ontwikkeling. De echte ‘doorbraak’ van Delin in Nederland was in 2014 toen het van DHG voor een bedrag van 75 miljoen euro een distributiecentrum kocht van 107.000 vierkante meter in het Westelijk Havengebied van Amsterdam.

View the article on logistiek here


Steve Mitchell will be working alongside UK development director Don Bailey

IPE Real Assets - January 24th 2018 

CBRE Global Investors, Legal & General, Linkycity, Delin Capital Asset Management, Colliers International, Greystar Real Estate Partners, Tunstall Real Estate Asset Management, AXA Investment Managers-Real Assets, KanAm Grund.

CBRE Global Investors – David Morrison has been promoted to chief investment officer for the Americas. The position was previously held by Vance Maddocks, chief executive for the Americas. Morrison previously held positions as head of portfolio management for the Americas and global head of strategy and research.

Legal & General – Retail expert Alex Mountford has been appointed as a senior asset management for Legal & General’s managed real estate fund. He joins from Linkcity, part of Bouygues, where he was responsible for the retail strategy and mixed-use developments in London and the South East.

Delin Capital Asset Management – Steve Mitchell has been appointed UK commercial director. Mitchell will be working alongside UK development director Don Bailey, with responsibility for developing occupier relationships and generating new stakeholder ties. Prior to joining DCAM, Mitchell spent 14 years at Colliers International, overseeing its industrial transactions activity on behalf of a variety of occupiers.

 

View the article on the IPE website


Dcam Appoints Steve Mitchell As Uk Commercial Director

London, 24 January 2018 –

Delin Capital Asset Management (“DCAM”), a leading pan-European logistics real estate owner, investor and developer, announces the appointment of Steve Mitchell as UK Commercial Director.

Based in DCAM’s London office, Steve will be working alongside Don Bailey, with responsibility for developing occupier relationships and generating new stakeholder ties, supporting DCAM’s commitment to grow its UK logistics portfolio to over three million sq ft in the next two years.

Prior to joining DCAM, Steve spent 14 years at Colliers International, overseeing its industrial transactions activity on behalf of a variety of blue chip occupiers, primarily focused on the food distribution and dot.com logistics sectors. Before that he spent 15 years supporting Sainsbury’s as it built a UK-wide logistics real estate portfolio.

The appointment will add further expertise to DCAM’s UK team following the appointment of Don Bailey last year as UK Development Director, who brings more than 20 years’ experience with leading UK logistics businesses.

Ekaterina Avdonina, Managing Director of DCAM, commented:

“With an ambitious development pipeline in the UK during 2018, Steve brings significant commercial experience operating in the logistics real estate sector, in what is a key geography for DCAM. We look forward to leveraging the relationships he has built with some of UK’s leading occupiers, which will complement those of the rest of the UK team and in an area which is increasingly important in today’s market.”


Delin Capital ramps up Dutch projects, targets UK and Spain

Delin Capital Asset Management (DCAM) targets acquisitions in the UK and Spain as it plans to invest €400m in the Netherlands by mid-2019.

The European logistics specialist said it currently has 126,000sqm of logistics assets under construction and a further 174,000sqm in permitting and site preparations in the Netherlands.

A further 174,000 of sqm of development is currently in permitting, with construction anticipated to commence in the first half of 2018.

In total, the company is targeting a committed development pipeline of 900,000sqm across the Netherlands, UK and Spain by 2019, it said.

To support this plan, Delin Capital said has made a number of senior hires in the UK and Spain and is currently in advanced discussions on a number of acquisitions in both countries.

Ekaterina Avdonina, the managing director of Delin Capital, said: “We continue to see strong demand from a range of occupiers for big box assets, supported by a favourable economic backdrop stimulating exports, retail sales and consumer spending.

“Having built up a strong presence across our key markets and with the talent in place to both further build and deliver on our significant pipeline, we are well positioned to benefit from the ongoing tight supply and lack of new development and deliver significant future value from our investments,” Avdonina said.

Avdonina added that the company expects the wider European landscape to remain favourable for well-established logistics operators as it moves into 2018, “and are excited for the opportunities we are seeing.”

Jose Espinoza, the development director for Delin Capital in Spain, said: “The Spanish logistics market offers an attractive opportunity for investors and developers, as the domestic economy recovers and increasing consumer spending supports the rapid growth of the e-commerce sector.

“We have identified a number of opportunities through leveraging our strong local relationships and look forward to positioning DCAM as a major developer of high-quality logistics assets in the future.”

 

Read article on Real Assets website


Dcam Amasses 300,000 Sqm Dutch Development Pipeline And Targets Uk And Spain

-126,000 sqm under construction; pre-lets secured totalling 100,000 sqm-

London 22 January 2018 –

Delin Capital Asset Management (“DCAM” or the “Company”), a leading pan-European distribution and logistics real estate investor and developer, announces it has committed to deliver a €400mn development programme in the Netherlands by mid-2019, comprising 300,000 sqm of prime logistics space.

DCAM currently has 126,000 sqm of Grade-A logistics assets under construction and a further 174,000 sqm in permitting and site preparations, comprising both build-to-suit (90,000 sqm) and speculative development. It recently secured two pre-lets, totalling 32,000 sqm, with Van Der Helm, a leading Dutch 3PL operator, who has signed long-term lease agreements at Moerdijk, in the Southern Netherlands (17,000 sqm) and at DCAM’s Rotterdam development (15,000 sqm).

A further 174,000 of sqm of development is currently in permitting, with construction anticipated to commence in the first half of 2018.

In total, DCAM is targeting a committed development pipeline of 900,000 sqm across the Netherlands, UK and Spain by 2019.  To support this ambition, DCAM has made a number of senior hires in the UK and Spain and is currently in advanced discussions on a number of acquisitions in both countries.

Ekaterina Avdonina, Managing Director of DCAM, commented:

“We continue to see strong demand from a range of occupiers for big box assets, supported by a favourable economic backdrop stimulating exports, retail sales and consumer spending.

“Having built up a strong presence across our key markets and with the talent in place to both further build and deliver on our significant pipeline, we are well positioned to benefit from the ongoing tight supply and lack of new development and deliver significant future value from our investments. We expect the wider European landscape to remain favourable for well-established logistics operators as we move into 2018, and are excited for the opportunities we are seeing.”

Jose Espinoza, Development Director for DCAM in Spain, added:

“The Spanish logistics market offers an attractive opportunity for investors and developers, as the domestic economy recovers and increasing consumer spending supports the rapid growth of the e-commerce sector. We have identified a number of opportunities through leveraging our strong local relationships and look forward to positioning DCAM as a major developer of high-quality logistics assets in the future.”


Delin unveils 900,000m2 logistics development pipeline

Property EU  - By Isobel Lee 

January 21st, 2018 

Delin Capital Asset Management (DCAM) is to develop 300,000 m2 of new logistics space in the Netherlands over the next 18 months.

The fund manager is also launching development in the UK and Spain and is targeting a committed development pipeline of 900,000 m2 across the three markets by 2019, managing director Ekaterina Avdonina tells PropertyEU.

DCAM's €400 mln development programme in the Netherlands comprises of 126,000 m2 of Grade-A logistics assets under construction and a further 174,000 m2 in permitting and site preparations, comprising both build-to-suit (90,000 m2) and speculative development.

The logistics fund manager, which branched into development in mid-2016, recently secured two long-term pre-lets with Dutch third-party logistics operator Van der Helm for 17,000 m2 at Moerdijk in the south of the country and 15,000 m2 at DCAM's Rotterdam development.

A further 174,000 of m2 of development is at the permitting stage, with construction set to commence in the first half of 2018.

DCAM is targeting a total committed development pipeline of 900,000 m2 across the Netherlands, UK and Spain by 2019. To support this ambition, DCAM has made several senior hires in the UK and Spain and is currently in advanced discussions on several acquisitions in both countries.

Development capacity
Ekaterina Avdonina, managing director of DCAM, talked to PropertyEU about the firm's move into development.

Starting as a fund manager DCAM now has three business lines: a fund managed in 2012; a vehicle established with Blackstone in 2017 to acquire existing assets, and the development fund.

'Launching our development plans in mid-2016, we hired our first development director for the Netherlands and we wanted to prove the development case in our home markets of the Netherlands and the Benelux, and then expand it to other markets with which we were less familiar,' Avdonina said.

'It has s gone pretty well we have amassed a huge Dutch pipeline for 2018 and we have more we are working on for 2019.'

Avdonina said DCAM has a very large development team in the Netherlands: construction to engineering specialists, an in-house design team, in-house development team, and occupier specialists. 'Everything is done in-house. This pretty large outlay has resulted in a very large pipeline,' she said.

Pre-lets
About 100,000 m2 of the Dutch pipeline is pre-let, which Avdonina described as a normal run rate. 'We believe we will secure another 100,000 m2 of pre-lets before the summer and the remaining 100,00 m2 later in the year before the completion of the projects. We feel very confident it will materialise given the interest shown by occupiers to date in our schemes.'

'We continue to see strong demand from a range of occupiers for big box assets, supported by a favourable economic backdrop stimulating exports, retail sales and consumer spending.

The key, she said, is prime locations with little or no vacancy. Most of DCAM's development work is e-commerce and supply chain driven.

Avdonina: 'Having built up a strong presence across our key markets and with the talent in place to both further build and deliver on our significant pipeline, we are well positioned to benefit from the ongoing tight supply and lack of new development and deliver significant future value from our investments. We expect the wider European landscape to remain favourable for well-established logistics operators as we move into 2018, and are excited about the opportunities we are seeing.'

The UK
DCAM has a full team in the UK, including two dedicated development specialists. Work to secure sites is at an advanced stage. The business model is like the approach used in the Netherlands. 'We will do speculative development at infill locations in key areas such as Manchester, London, Birmingham Leeds,' Avdonina said.

The focus in regional distribution locations in the Midlands will mainly be on BTS projects. DCAM already has options and reservations on some potential sites.

Spain
The Spanish business evolved through two BTS schemes being undertaken for an existing DCAM client. The plan is to also undertake some speculative development around Madrid.

Jose Espinoza, development director for DCAM in Spain, added: 'The Spanish logistics market offers an attractive opportunity for investors and developers, as the domestic economy recovers and increasing consumer spending supports the rapid growth of the e-commerce sector. We have identified a number of opportunities through leveraging our strong local relationships and look forward to positioning DCAM as a major developer of high-quality logistics assets in the future.'

Read the article on property EU website


Delin Capital Appoints Don Bailey As Uk Development Director

London, 27 September 2017 –

Delin Capital Asset Management (“DCAM”), a leading pan-European logistics real estate owner, investor and developer, announces the appointment of Don Bailey as Development Director for the UK.

Based in DCAM’s London office, Don is responsible for the sourcing of new urban logistics and big box development opportunities and contributing to the delivery of DCAM’s ongoing UK development programme. DCAM is committed to building over 2 million sq ft of logistics assets over the next five years across the UK, alongside pursuing its Dutch development strategy to deliver 3.5 million sq ft of prime logistics space, targeting completion by the end of 2018.

Prior to joining DCAM, Don spent 15 years as a Director of Chancerygate, where he was responsible for the procurement and delivery of its development programme. Before that he worked for King Sturge, where he specialised in advising funds and developers on project delivery and technical matters.

Ekaterina Avdonina, Managing Director of DCAM, commented:

“Don joins us with a proven track record of delivering complex logistics projects across the UK and we look forward to benefitting from his expertise, as we continue to grow our business through both investment in existing schemes and our own developments. We have an exciting pipeline of activity lined up during the rest of 2017 and into next year and we look forward to updating the market in due course.”


Groundbreaking Ceremony

With great excitement, we celebrated the ground-breaking on the e-commerce centre in Roosendaal, this is the first DCAM development in the Netherlands. The project is progressing smoothly and running to schedule. This new 58,000 m² DC is located in business park Borchwerf II and will be leased to Lidl for their e-Commerce logistics activities. The warehouse will become operational in Spring 2018.

Symbolische eerste kolom e-commerce centre Roosendaal geplaatst Op feestelijke wijze is de spreekwoordelijke eerste kolom geplaatst voor de bouw van het e-commerce distributiecentrum in Roosendaal, het eerste project in Nederland waar DCAM optreedt als ontwikkelaar. De werkzaamheden verlopen vlot en volgens schema. Dit nieuwe 58.000 m² tellend logistiek centrum is gelegen op het bedrijventerrein Borchwerf II en zal verhuurd worden aan LidL die er de logistieke activiteiten van hun e-commerce afdeling zal onderbrengen. De vestiging zal in het voorjaar van 2018 in gebruik worden genomen.


DCAM Secures 58 000 Sqm Pre Let To Lidl E-commerce At Roosendaal The Netherlands

Further 150,000 m² of speculative and build to suit development planned for 2017.

Delin Capital Asset Management (“DCAM” or the “Company”), a leading pan-European distribution and logistics real estate investor and developer, is pleased to announce it has signed a 58,000 m² (645,830 sq ft) pre-let at its Roosendaal development, with Lidl E-Commerce (“Lidl”), the global supermarket chain.  This build to suit project is one of the larger being undertaken this year in North West Europe and demonstrates the ongoing demand for prime, high-quality logistics assets in the Netherlands, driven primarily by the opportunities presented by the continuing growth of e-commerce.

In addition to the pre-let, DCAM has committed to 150,000 m² (1.6 million sq ft) of new logistics development projects across the Benelux region during 2017, with 100,000 m² expected to be in construction by Q3 this year. This includes the speculative development of a 35,000 m² warehouse at Amsterdam Park, one of Europe’s largest Grade-A logistic parks, centrally located in the Port of Amsterdam, Europe’s 4th largest port. It benefits from easy access to the A5 motorway, connecting the site to Amsterdam-Schiphol Airport within a 10 minutes’ drive. Current tenants include GE, G-star and a number of other prominent pan-European retailers. 

Lidl has entered into a long-term lease, with no breaks. The specifications for the e-fulfilment warehouse, agreed in partnership with Lidl, include 12.20-metre eaves, extensive truck and car parking facilities, an above average dock to door ratio and circa 5,000 m² of office and social space. The building will achieve a BREAAM rating, to include state of the art thermal performance and a high efficiency power management system. Located in Borchwerf II Business Park, a multi-modal strategic location in the prime logistics hotspot of West Brabant, the development is just 2km from Roosendaal, which has a population of 77,000 and 60km from Rotterdam Port, Europe’s largest deep-water port area.

Unibouw will be the general contractor responsible for delivering the warehouse, which is expected to be completed in spring 2018. 

In addition to the current development activity in the Benelux region, DCAM is exploring a number of opportunities in the UK and Germany. The Company’s current portfolio is valued in excess of €550 million, comprising 17 assets across 580,000 m² and a broad range of tenants, with a specific focus on ecommerce retailers.

Ekaterina Avdonina, Managing Director of DCAM, commented: “Having started as a speculative project, our ability to agree exclusivity at Roosendaal just three months from securing the project, for what will be one of the largest projects of its type in Western Europe, is a strong endorsement of our capabilities.

“Occupier appetite for both pre-let and speculative warehouse development schemes is unabated, as demonstrated by the strength of a pipeline that should offer significant returns on investment, fulfilling what we forecast to be a significant gap in the market.

“As supply levels remain at record lows, demand for the highest-quality and state of the art big sheds is being driven by major retailers focusing their resources and capital on improving the end-to-end e-commerce offering.  Our ambition is to become a leading player in this space and we are confident that with our existing pipeline and UK and German expansion plans, we are well placed to achieve this.”