Delin Property, a vertically integrated European logistics real estate investment and development firm, has unveiled a new institutional investment management platform.
As part of Delin’s growth strategy, the firm has also announced the launch and first closing of a new fund investing in the Core/Core+ Dutch logistics sector seeded with a portfolio of eight standing assets valued at over €300 mln.
The 10-year close-ended fund has secured the support of several leading institutional investors operating in the DACH region. It is targeting €250-€300 mln of equity and is seeking to generate a 5% return for its investors.
Delin said the fund launch was the next step in its trajectory of growth after managing assets for its key client, The Blackstone Group.
Rob Reiskin, chief executive of Delin Property, 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.
'We’re driving the growth of our platform forward so can continue to deliver superior risk-adjusted returns for our investment partners. The launch of this new fund is a significant move in achieving our ambitions.'
The investment strategy of the new fund is in line with Delin’s approach of only targeting high quality, sustainable warehouses, strategically positioned in prime locations in the Netherlands adhering to minimum return hurdles.
Existing and newly developed assets will be targeted by the fund’s manager, with an overall aim of achieving carbon neutrality across the portfolio, while attracting high profile tenants on long-term rental contracts.
