11 April 2017
London
Reporter: Stephanie Palmer
DCAM and Blackstone join forces on logistics partnership
Delin Capital Asset Management (DCAM) has partnered with Blackstone’s Core+ business on acquiring logistics assets in Germany, the Benelux region and the UK.

DCAM, a pan-European logistics real estate owner, investor and developer, has contributed an initial seven-asset portfolio of UK and Dutch assets to the partnership.

The portfolio comprises over 230,000 square metres of leased grade-A logistics space, and a 58,400-square metre pre-let development in Roosendaal, the Netherlands.

Through the partnership, DCAM and Blackstone intend to grow this portfolio through investment in logistics assets in locations where the demand-supply balance is off.

Blackstone’s Core+ business uses a ‘buy it, fix it’ strategy to deliver risk-adjusted returns, targeting high-quality assets with modest risk profiles and long hold periods, in gateway cities.

DCAM will act as asset manager in the partnership.

Ekaterina Avdonina, managing director of DCAM, said: “We are delighted to have created this new partnership with an established real estate investor in Blackstone and look forward to growing it over the coming years, leveraging our combined experience to identify and acquire new opportunities across our target markets.”

“Occupier demand for high-quality and well-located warehouse and logistics space continues to gain momentum, underpinned by the structural changes taking place in consumer shopping habits. With the sector having demonstrated ongoing resilience and outperformance, we are confident that underlying market fundamentals are in place to support this new vehicle.”

In establishing the partnership, DCAM was advised by JLL, and Blackstone was advised by CBRE.

More news
The latest news from Real Estate Investment Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Barings Real Estate appoints Marco Court in Italy expansion
28 April 2017 | Milan | Reporter: Theo Andrew
In his new role, Corti will be responsible for increasing investment and asset management in the country
COIMA board appoints independent directors
28 April 2017 | Milan | Reporter: Theo Andrew
The appointments mean seven out of nine board members are now independent
Heimstaden expands Copenhagen portfolio for €118 million
27 April 2017 | Copenhagen | Reporter: Theo Andrew
Haimstaden currently has a number of projects underway in Copenhagen, including the Bjerglandsbyen development
New director of self-storage at W.P. Carey
27 April 2017 | New York | Reporter: Theo Andrew
Boulter joins from Wasatch Storage Partners, where he was vice president of business development
PGIM debt fund raises over £1 billion
27 April 2017 | London | Reporter: Theo Andrew
The fund raised more than 80 percent of the capital in the nine months following the UK’s vote to leave the EU in June
WELPUT fund sell £135 million London office
26 April 2017 | London | Reporter: Theo Andrew
The deal, made on behalf of Schroder’s West End of London Property Unit Trust (WELPUT) fund, reflects a net initial yield of 3.96 percent
Clifford Chance promotes Matt Taylor to real estate partner
26 April 2017 | London | Reporter: Theo Andrew
Taylor has been in the real estate arm of Clifford Chance for the past 10 years, joining the law firm in 2005 as a trainee solicitor