-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.”