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.”