Delin Capital Asset Management has raised EUR 200 mln of equity for its inaugural core logistics fund and made the first acquisition for the vehicle.
Delin Capital Asset Management has raised EUR 200 mln of equity for its inaugural core logistics fund and made the first acquisition for the vehicle.
Delin is a Jersey-registered real estate advisor and asset manager is focused on logistics assets in the UK, Belgium and the Netherlands.
The fund, Capital Preservation Portfolio I, (CPP I) has a total investment capacity of in excess of EUR 400 mln after leverage.
It has acquired a distribution centre located in the Flight Forum business park in the Dutch city of Eindhoven for EUR 15 mln from Europa Immobiliare No.1 Fund, a closed ended fund co-managed by Cordea Savills and Vegagest SGR.
The centre is let to Phillips Lighting BV and generates a yield of 8%.
