Delin Capital Asset Management has invested €75m in a Dutch logistics property with debt provided by ING Real Estate Finance.
The asset manager said it bought the Casablancaweg 8 property in Amsterdam for its €400m Capital Preservation Portfolio I in an off-market deal.
Delin – which invests in the UK, the Netherlands and Belgium – bought the 107,000 sqm property from its developer, DHG.
ING Real Estate Finance provided Delin with a five-year loan.
Christian Jamison, Delin chief executive, said the deal marked the first time Delin had leveraged “at the outset”.
The asset, developed in phases from 2009 to 2011, is fully let to six tenants, including manufacturers, retailers and logistics companies.
Fetim and GE Aviation are among tenants, all on average lease lengths of five years.
The deal is the second between Delin and DHG following the 2013 purchase of Distripark Sittard in Born.
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