Delin Property acquires logistics assets in Spain and the Netherlands

European logistics warehouse specialist Delin Property has acquired three logistics sites – two in Madrid, Spain, and one in Uithoorn, Netherlands, near Amsterdam's Schiphol Airport. 

Logistics

These acquisitions are set to add a potential 25,400 m2 of leasable space to Delin Property's portfolio, with an estimated gross development value of €44 mln. This expansion is part of their broader portfolio, which includes 540,000 m2 of assets managed for institutional clients.
Each of the planned multi-tenant facilities (designed for two to four independent units) will aim for a BREEAM Excellent sustainability rating and feature a floor loading ratio of 5 tonnes/m2, catering to the demand for smaller, premium warehouse units.
Details of the Acquisitions:
San Fernando de Henares, Madrid: A 1.25-hectare plot located less than 15 km east of Madrid's city centre and 4 km from Madrid-Barajas Airport. Delin Property plans to develop a 7,700 m2 warehouse, offering immediate access to major motorways (A-2 and M-50) and serving an estimated 7 million consumers within an hour's drive.
Vicálvaro, Madrid: A 1.37-hectare plot situated about 7 km east of Madrid's city centre. This site will host an 8,750 m2 last-mile logistics warehouse, divided into three independent units. Its proximity to the M-45, M-50, A-3, and R-3 motorways enables occupiers to serve both core urban and greater Madrid markets.
Uithoorn, Netherlands: A 1.36-hectare plot 20 km south of central Amsterdam. Delin Property will construct an 8,700 m2 warehouse here. With excellent motorway connections (A2, A4, A9, and N201) to the Randstad conurbation, it can reach 5 million consumers within a one-hour drive and provides crucial links to freight hubs like Schiphol Airport and the Ports of Rotterdam and Amsterdam.
Delin Property is shifting back to direct balance sheet investments under a new partner-led management structure. This change follows the promotion of Duncan Jarvis, Raffi Killian, Nick Martin, and Isaac Núñez to partners, forming the company's new management committee. This new committee will collaborate with Delin Property's board on strategic decisions, while each partner retains their existing departmental responsibilities. This strategic pivot occurs as Tom Wattles steps down as CEO to return to the U.S.