Delin Capital Asset Management (DCAM), a pan-European distribution and logistics real estate investor and developer, has committed to deliver a €400 million ($490 million) development program in the Netherlands by mid-2019, comprising 3.23 million square feet of prime logistics space.
“We continue to see strong demand from a range of occupiers for big-box assets, supported by a favorable economic backdrop stimulating exports, retail sales and consumer spending,” said Ekaterina Avdonina, managing director of DCAM.
DCAM currently has 1.4 million square feet of class A logistics assets under construction and a further 1.87 million square feet in permitting and site preparations, comprising both build-to-suit (970,000 square feet) and speculative development. It recently secured two pre-lets, totaling 344,000 square feet, with Van Der Helm, a leading Dutch 3PL operator, who has signed long-term lease agreements at Moerdijk, in the Southern Netherlands (182,000 square
