Delin Capital Asset Management has acquired a distribution warehouse in the Netherlands from privately owned logistics operator Van Uden Group in a €40 mln sale-and-leaseback transaction.
Delin Capital Asset Management has acquired a distribution warehouse in the Netherlands from privately owned logistics operator Van Uden Group in a €40 mln sale-and-leaseback transaction.
The asset was acquired for Delin’s Capital Preservation Portfolio I, the company’s inaugural core-plus logistics fund. It is the seventh Dutch asset to be acquired by the fund, taking its total investment to over €400 mln.
The 44,140 m2 distribution warehouse was built in 2011 and is situated in Distripark A12, in the municipality of Waddinxveen, close to Rotterdam.
Van Uden Group has taken a new 10-year lease on the warehouse which will be used for the distribution of food and beverages for companies such as Nestle.
Delin Capital was advised by JLL and CMS Derks Star Busmann.
For more on the Dutch market, see the article, presentations and video interviews in our Outlook 2015: Europe & The Netherlands section.
