Delin Capital Asset Management (DCAM) targets acquisitions in the UK and Spain as it plans to invest €400m in the Netherlands by mid-2019.

The European logistics specialist said it currently has 126,000sqm of logistics assets under construction and a further 174,000sqm in permitting and site preparations in the Netherlands.

A further 174,000 of sqm of development is currently in permitting, with construction anticipated to commence in the first half of 2018.

In total, the company is targeting a committed development pipeline of 900,000sqm across the Netherlands, UK and Spain by 2019, it said.

To support this plan, Delin Capital said has made a number of senior hires in the UK and Spain and is currently in advanced discussions on a number of acquisitions in both countries.

Ekaterina Avdonina, the managing director of Delin Capital, said: “We continue to see strong demand from a range of occupiers for big box assets, supported by a favourable economic backdrop stimulating exports, retail sales and consumer spending.

“Having built up a strong presence across our key markets and with the talent in place to both further build and deliver on our significant pipeline, we are well positioned to benefit from the ongoing tight supply and lack of new development and deliver significant future value from our investments,” Avdonina said.

Avdonina added that the company expects the wider European landscape to remain favourable for well-established logistics operators as it moves into 2018, “and are excited for the opportunities we are seeing.”

Jose Espinoza, the development director for Delin Capital in Spain, said: “The Spanish logistics market offers an attractive opportunity for investors and developers, as the domestic economy recovers and increasing consumer spending supports the rapid growth of the e-commerce sector.

“We have identified a number of opportunities through leveraging our strong local relationships and look forward to positioning DCAM as a major developer of high-quality logistics assets in the future.”