Third-party logistics providers: the space race

Third-party logistics providers: the space race – Property Week

The changing requirements of retailers and their 3PL providers, driven in part by thgrowth in ecommerce, has made developing speculatively an even riskier business than it might otherwise have been. “Everyone tries to build a unit that meets all requirements , but the nature of demand is much broader and more complicated than generic storage, says Ekaterina Avdonina, chief executive at Delin Capital.

About 50% of the demand at the moment is retail-and ecommercedriven. That is a very specific, time-critical demand, which demands a different type of facility.”

Read the full article here on Property Week


Many unhappy returns

MIPIM – Preview magazine
Ekaterina comments on the rise of e-commerce and the phenomenon of merchandise returns.

“Typically for online fashion retailers, every third package is returned, which obviously creates a massive cost, not only for transportation but for processing”

Read the full pdf article here


2017 The Challenges Ahead - Ekaterina responds to Property Investor Europe's questions.

Q1 – HOW WOULD YOU DESCRIBE THE REAL ESTATE YEAR 2016?

This year will be remembered as a year of political shock waves. First Brexit and then the election of Trump to the White House proved that political unpredictability is now at the core of the financial system, with both events wiping billions of dollars from markets, albeit temporarily. Whilst the overall market conditions in the real estate arena have remained largely unchanged, the uncertainty around the political futures of the UK, the US and the rest of the Eurozone is now dominating both the political and economic agendas of real estate investors.

Q2 – IN 2017, WHERE DO YOU SEE MOST VALUE AND WHAT WILL BE THE BEST STRATEGY?

Core income-driven strategies and value-add strategies will dominate the focus of real estate investors. Real estate returns will remain an attractive diversifier to equities and bonds. Repricing of bond markets / fixed income products and increasing inflation may lead to a decreasing allocation towards real estate assets, which in turn may have a negative impact on core pricing, which we consider to be a primary risk.

Q3 – WHAT WILL BE THE MAIN CHALLENGES NEXT YEAR?

DCAM is a real estate investor, manager and developer of logistics assets, and we focus on sustainable locations which appeal to a majority of occupiers, with a particular focus on e-commerce players. Due to the unprecedented growth of logistics occupier demand, we consider the availability of land to be our key challenge for next year.

Q4 – WHAT PRIVATE MILESTONE WAS MEMORABLE FOR YOU IN 2016?

After heading the investment team at DCAM for  a number of years, I took over the management of the business with a change of direction in mind.

Published in Property Investor Europe | Edition 430 | December 2016 / January 2017 | www.pie-mag.com


Delin reports 100,000m2 of letting activity across European logistics portfolio

Cormac Ruairi, Property EU

Delin Capital Asset Management (DCAM) has secured almost 100,000 m2 of reletting agreements across its European logistics portfolio in four separate deals in the last few months.

When combined, the new letting activity delivers a total annualised income of €6 mln representing a 2.6% uplift on the previous rent and has extended the portfolio weighed average unexpired lease term (WAULT) by over 12 months.

‘We have had a busy year to date in terms of asset management, working with both existing tenants and new ones, in the case of aerosol specialist Airopack. This has led to us lengthening the portfolio lease length and improving the income, underpinning the overall quality of our European distribution portfolio and delivering on our business plans,’ said Ekaterina Avdonina, managing director of logistics investor-developer DCAM.

At Waalwijk in the southern Netherlands, DCAM agreed a new 12-year lease with Airopack at the 17,340 m2 distribution facility. The new lease follows the recent bankruptcy and administration of the previous tenant.

At Beiraweg 2-8 Amsterdam Port, DCAM agreed a lease renewal on its 40,000 m2 logistics property with the construction material group Fetim, thereby maintaining a 100% occupancy in their Amsterdam portfolio. In the Dutch city of Eindhoven, DCAM secured a lease renewal with existing tenant Philips Lighting in the 19,900 m2 facility, extending the lease to mid-2020.

Finally, at DCAM’s 20,600 m2 Agecroft Commerce Park facility in Manchester, DCAM agreed a regear with Bunzl Retail and Healthcare Supplies, extending the lease to 2027.


Gerwin Vos moves from DTZ over to Delin Capital

Delin Capital Asset Management (DCAM) Gerwin Vos appointed as commercial director. Vos was until recently Director of Logistics at broker DTZ Zadelhoff. His appointment coincides with the opening of a new office in Rotterdam DCAM.

Gerwin Vos gets DTZ over to Delin Capital
“Logistics real estate man” Gerwin Vos get to 13
years DTZ over to the British
Delin Capital Asset Management.

DCAM is an asset management company based in London that focuses mainly on European logistics real estate. Fox was thirteen working for DTZ, where he served as Director of Logistics at the head of a team of six logistics real estate experts.

New investments in logistics real estate

With the new office in Rotterdam and the existing London office Federline has expanded its European capacity up to ten real estate professionals. With Fox says DCAM to look for investments in new and existing logistics real estate in logistical hubs.

Major tenants: G-Star and NedCargo

DCAM has expanded its portfolio since 2012 in the Netherlands and the United Kingdom and is now a major provider of distribution centers including Amsterdam (Western Harbour) of approximately 100,000 square meters of logistics space campus .Major tenants of DC’s of DCAM in the Netherlands G-Star with 35,000 square meters in Amsterdam’s western port and the DC of NedCargo (formerly Van Uden Logistics)along the A12 in Waddinxveen.

New construction on Borchwerf II

Also, the asset management company property portfolio include in Tilburg (Katsbogten) and Eindhoven ( Philips and Rhenus Son , ed.). “Logistics real estate agent ‘Fox have announced that there is a big ambition to grow, including through new development. So DCAM does include currently on logistics business park Borchwerf II in Roosendaal, a new distribution center in preparation for getting a size of 35,000 square meters. The construction of this DC start in the third quarter of this year and will be in the first quarter of 2017.First published by Bas Dijkhuizen on 7 Jul 2016

This has been automatically translated  to English from Dutch.

First published by Bas Dijkhuizen on 7 Jul 2016

Read the original published article


Delin moves into development with Dutch project

Propertyeu.info | NO. 5 – June 2016

dutch-project

Delin Capital Asset Management (DCAM), a mid-sized logistics property asset and fund manager, is moving into development, PropertyEU has learned. The first project is a 40,000 m2 warehouse being developed in the Netherlands.

The project has a gross development value of €30 mln and is located between Moerdijk and the port of Rotterdam in the south of the Netherlands. ‘The prime location is attractive for DCAM because of the current low vacancy rates and strong take-up,’ new CEO Ekaterina Avdonina told PropertyEU in an exclusive interview. Delin’s current portfolio comprises 550,000 m2 of warehouse and distribution space, valued at €500 mln. Adding development activity to the fund management business is an integral part in Delin’s evolving strategy aimed at doubling assets under management to €1 bn within the next three years. ‘We plan to achieve this by a mix of further acquisitions and development,’ Avdonina said.

Delin was established in 2012 to focus on the acquisition and management of core logistics assets in the UK and western European markets, namely the Netherlands, Belgium and Germany, on behalf of its clients. To date Delin has acquired assets in the Netherlands and the UK, but has found that assets are difficult to come by in Belgium. ‘We need scale and while we always had a chance to do the first deal in Belgium, we were concerned about securing a second one’. Germany will be the next geographical location for Delin. Founding CEO Christian Jamison left the business earlier this year to ‘pursue other interests’ and he was succeeded by Avdonina, who served as chief investment officer from day one. Avdonina intends to position Delin as a specialist full-service western European logistics company at the forefront of the changes in the logistics sector which are being driven by technological changes and the growth of e-commerce. Last-mile urban distribution centres, a sector still in its infancy, will be a big focus. The company has recruited Bart de Sitter, former CEO of developer Ulogis, as development director and Amos Chia joins from Revetas to head the search for new acquisitions. ‘We firmly believe that logistics assets – both big box and urban units – will continue to benefit from strong occupational demand supported by the structural shifts taking palace in the purchase and delivery of goods driven by e-commerce,’ Avdonina said.


Delin Capital Asset Management launches new logistics strategy to include development

Kasmira Jefford, Costar 2 June 2016

Delin Capital Asset Management (DCAM) has launched a new strategy to become a full service leading European logistics real estate company, promoting Ekaterina Avdonina to managing director.

DCAM was founded in 2012, with the aim of buying and managing core logistics assets in the UK and Western Europe on behalf of investors. Avdonina will succeed Christian Jamison who has left
the business to pursue other interests. She has a strong track record in the logistics sector having been chief investment officer since the company was founded, helping to grow its assets under management to over €500m.

To date the company has acted as an asset manager, making investments on behalf of clients solelyinto prime logistics assets in the UK and Benelux. It currently manages a portfolio providing over 550,000 m² of warehouse and distribution space.

Under Avdonina’s leadership, the company plans to change its strategy to encompass the development, ownership, and active management of best in class warehouse and last mile urban logistics distribution properties, which are set to benefit from increasing growth in e-commerce. It has kicked off the new strategy by announcing its first large scale speculative development in the Netherlands of a 40,000 m², €30m GDV logistics warehouse close to the ports of Rotterdam and Moerdijk.

It has also made a string of new hires, appointing construction industry veteran Bart de Sitter as development director and Amos Chia, a former senior investment analyst at Revetas, in its investment team.

Avdonina, said:

“We firmly believe that logistics assets (both big box and urban units) will continue to benefit from strong occupational demand supported by the structural shifts that are taking place in the purchase and delivery of goods driven by E-commerce.”
“With a strong team in place, we are well positioned to identify further investment and development opportunities in order to grow our business and to become a key player in the
European market.


Delin moves into logistics development

Guy Montague-Jones, Property Week 2 June 2016

Delin Capital Asset Management (DCAM) has revealed plans to move into logistics development and announced its first project in the Netherlands.

The company, which has built a €500m logistics portfolio since launch in 2012, will speculatively develop a 430,000 sq ft warehouse close to the ports of Rotterdam and Moerdijk with a gross development value of €30m.

The move into development is part of a new strategy unveiled by new chief executive Ekaterina Avdonina, who took over earlier this year from Christian Jamison.

The company’s vision is to become a “multi-faceted leading European logistics real estate company.”

To support the plans, it has made two key hires. Bart de Sitter has joined as development director and Amos Chia has joined the investment team from Revetas where he was a senior investment analyst.

“I am excited to be leading the next phase of DCAM’s evolution which will see it become a fullservice Western European logistics company, building on our existing expertise and track record in the sector,” said Avdonina. “With a strong team in place, we are well positioned to identify further investment and development opportunities in order to grow our business and to become a key player in the European market.”


Jersey’s Delin starts logistics development projects

Property Investor Europe 2 June 2016

Private logistics advisor Delin Capital Asset Management, which has been acquiring and managing assets in the UK and western Europe on behalf of investors, will now move into development and ownership under the leadership of Ekaterina Avdonina.

The company has launched its first large development project in the Netherlands – a 40,000 sq.m. logistics warehouse located close to the port of Rotterdam and Moerdijk and valued at €30m, it said in a statement today. The company’s new strategy will also encompass ownership and active management of warehouse and last mile urban logistics distribution properties.

jerseys-delin-startsEkaterina Avdonina

Avdonina, who will lead the strategic change, commented: “I am excited to be leading the next phase of DCAM’s evolution which will see it become a full-service western European logistics company, building on our existing expertise and track record in the sector. We firmly believe that logistics assets (both big box and urban units) will continue to benefit from strong occupational
demand supported by the structural shifts that are taking place in the purchase and delivery of goods driven by E-commerce.”

DCAM hired Bart de Sitter as development director and added Amos Chia to its investment team, putting him in charge of identifying and underwriting new acquisitions, to strengthen the team.
Established in 2012, DCAM currently manages a portfolio providing more than 550,000 sq.m. of warehouse and distribution space.