European logistics specialist Delin Property has launched a new institutional investment management platform and a new fund which will target Core/Core-plus logistics property in the Netherlands.
The new 10-year, closed-end fund, which has had its first close, was seeded with a portfolio of eight standing assets valued at over €300 million.
Delin said in a statement that the fund has secured the support of several leading institutional investors operating in the DACH region. It is targeting €250 million to €300 million of equity and is seeking to generate a 5% current return for its investors.
Delin said the announcements signal the expansion of its capabilities. The new co-mingled fund is intended to take advantage of a strong pipeline of new investment opportunities in the Netherlands and is the next step in its growth after managing assets for key client, The Blackstone Group.
Focus will be on multimodal distribution hubs
The fund will focus on proven multimodal distribution hubs benefiting from efficient infrastructure, good connectivity, easy accessibility and strong availability of labour. Existing and newly developed assets will be targeted, with an overall aim of achieving carbon neutrality across the portfolio, while attracting high profile tenants on long-term lettings.
Delin Property chief executive Rob Reiskin said: “Delin is uniquely positioned to provide investors with access to attractive opportunities thanks to our vertical integration, local teams and commitment to invest alongside our capital partners.”
Delin Property, founded in 2012, has offices in London, Rotterdam, Madrid and Luxembourg and has total assets under management of over €1.2 billion.