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Delin Capital celebrates double success

Delin Capital Asset Management is celebrating a double success. Together with its Joint Venture partner Van Der Helm, the company has secured a lease agreement with Yusen Logistics at its recently completed 26,100 sqm warehouse facility in Moerdijk Port. In addition, the European logistics investor, asset manager and developer has signed an agreement to develop a new 6,500 sqm build to suit warehouse for parcel service company General Logistics Systems Netherlands (“GLS Netherlands”) in Atlas Park, Port of Amsterdam, on which it has also agreed a new long-term lease.

Lease agreement at 26,100 sqm warehouse facility in Moerdijk Port
The facility is located at the Middenweg 10 in West-Brabant, which is at the midpoint of the logistics corridor in the country and was recently voted by as the top logistics hotspot in the Netherlands. Close to the main ports of Antwerp and Rotterdam, the location provides excellent multi-modal connections to the Benelux and Germany.

Completed at the end of 2018, the building benefits from a very high standard of modern specification, with additional office space including two terraces offering panoramic views. The warehouse features partially ultra-flat floors to cater for narrow aisles, whilst meeting the highest standards in sustainable warehouse design with a solar panel ready roof and a high efficiency LED intelligent lighting system.

The Netherlands continues to be a major market for Delin. Following several major leasing announcements in January, Delin has a significant programme of asset management and development activity planned for the remainder of 2019 across its 700,000 sqm of investment assets and 300,000 sqm of development projects

Delin Capital secures 26,000 sqm letting in Moerdijk Port to Yusen Logistics.
“Securing a major logistics provider so soon after practical completion demonstrates the market leading warehouse design and construction capabilities of our team and partners. Whilst Delin is a beneficiary of the Netherlands’ strategic position in Western Europe and the favourable demand supply dynamics for logistics space, the strength of our team and local occupier relationships will allow us to continue realising significant value for our investors through our diverse range of activity,” Tijs Derison, Managing Director Benelux, commented.

Delin was advised by CBRE and Cushman & Wakefield on the transaction, Van der Helm was advised by TLF Real Estate and Yusen Logistics by Industrial Real Estate Partners.

Development of 6,500 sqm build to suit warehouse for GLS Netherlands
Delin will develop a modern and sustainable last mile distribution depot as part of Phase II of the Amsterdam Park development, from which GLS Netherlands will accommodate parcel deliveries to end customers in the Randstad area, one of Europe’s largest metropolitan areas. Together with the Schiphol area, the Amsterdam Port region remains one of the top logistics hotspots in the Netherlands.

Construction work on the 6,500 sqm warehouse will commence in February 2019, with completion and handover to GLS Netherlands planned for the end of 2019.

“With demand and uptake for good quality, modern logistics space likely to remain strong in 2019 and beyond, it represents a great opportunity for us to take forward a number of value enhancing projects, both speculatively and on behalf of a range of occupiers,” Tijs Derison, Managing Director, Benelux, commented.