Delin Capital Asset Management has entered into a joint venture with logistics service provider Van Der Helm, to develop a 37,500 sq m logistics complex in Den Hoorn, the Netherlands.

Simultaneously, Delin has agreed a long-term pre-let to Van Der Helm for 100 per cent of the completed scheme.

The development site is located in business park HarnaschPolder in Den Hoorn, western Netherlands.

The park lies within the Haaglanden region business park, an initiative between the cities of The Hague, Midden-Delfland, Pijnacker-Nootdorp and Rijswijk to drive regional growth. HarnaschPolder is strategically located along the recently completed A4 motorway, a major arterial route, and is easily accessible by public transport.

Under the terms of the Joint Venture, Delin has agreed a long-term lease agreement with Van Der Helm group, commencing on completion of the development which is scheduled for the end of 2019. Piling for the foundation of the logistic complex starts this week.

The Netherlands continues to be a key market for Delin. It recently announced the appointment of Tijs Derison as Managing Director Benelux and signed an agreement to develop a new 6,500 sq m build-to-suit warehouse for parcel service company General Logistics Systems Netherlands in Atlas Park, Port of Amsterdam, on which it has also agreed a new long-term lease.

Tijs Derison, Managing Director Benelux, says: “We are seeing continued demand from both domestic and global businesses for institutional quality big box space in the Netherlands. We are delighted to partner up with a major 4PL player and secure an effective long-term collaboration with them.”

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