Located in the established strategic location of
Distripark A12, in the municipality of Waddinxveen, the 44,142 sq m
warehouse benefits from its proximity to Rotterdam, Europe’s largest
port. It is let in its entirety to Van Uden Group,
which uses it to satisfy multiple food and beverage contracts for its
clients, which include Nestle. The asset was originally acquired in 2015
on behalf of DCAM’s Capital Preservation Portfolio (‘CPP I’ or the
‘Fund’), the Company’s inaugural core plus logistics
fund.
Following this transaction, DCAM has now completed
the financing of all of its €500 million CPP I assets which comprises 16
properties in total located in the main transport hubs and corridors of
the UK, Benelux and the Netherlands. Proceeds
of the loan are expected to finance future investment acquisitions and
DCAM’s growing development pipeline.
Ekaterina Avdonina, Managing Director of DCAM commented:
“Having successfully completed the financing of our
investment portfolio, we now look forward to recycling this capital
into new transactions and developments that will continue to deliver a
strong total return to our investors.
“The logistics market remains extremely compelling
and DCAM will continue to focus exclusively on this asset class,
investing in areas which are set to benefit from the increasing growth
in e-commerce and Europe’s logistics supply chain.”
Arie Hubers, Head of ING Wholesale Banking Real Estate Finance, CC NL:
‘We are pleased that we can expand our relationship with Delin by this facility and support the
company in its growth going forward. The transaction fits within ING’s strategy to maintain
longstanding relationships with leading asset managers of logistic assets and grow our exposure
to the sector.”
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