22 January 2018 – Eje Prime
International funds working in all areas of the real estate sector are setting their sights on Spain. Including the logistics segment. That is shown by the inclusion of the country in the investment plan of Delin Capital Asset Management (Dcam), which is seeking to develop 900,000 m2 of new logistics space in three main European markets: The Netherlands, the United Kingdom and Spain.
In the Spanish market, the firm is focusing on Madrid, where the logistics sector “offers an attractive opportunity for investors, given that the domestic economy is recovering and the increase in consumer spending is supporting the rapid growth of e-commerce”, says José Espinoza, Director of Development at Dcam in Spain, speaking to Property EU.
For the time being, the company has identified a series of investment opportunities in the country that it hopes to close soon. Dcam currently operates three lines of business: a fund created in 2012; an investment vehicle established with Blackstone last year to purchase existing assets; and a development fund.
In The Netherlands alone, the fund will invest $400 million in the development of around 390,000 m2 of logistics space. Across Europe, Dcam owns a portfolio spanning 580,000 m2 and has an additional 350,000 m2 under construction, which will be added to the company’s assets.
Original story: Eje Prime
Translation: Carmel Drake