Delin Capital Asset Management (“Delin”), the European logistics investor, asset manager and developer, is pleased to announce the acquisition of a logistics development site, located in Alcala de Henares, 35 kilometres east of Madrid. The transaction was Delin’s first in Spain, a market characterised by an undersupply of high-quality logistics space and rapidly growing e-commerce penetration.
Delin previously acquired the nine-hectare site from a private vendor and has now also obtained a building permit for the speculative development of an institutional quality, multi-let 53,000 sqm estate, comprising five units, varying in size from c. 10,500 sqm to 15,600 sqm, across two buildings.
The warehouses will feature 12.2 metre clear heights, 80kN/ sqm floor loading capacity, high efficiency LED intelligent lighting, ESFR-certified sprinkler system and a BREEAM Very Good certification. To better guarantee safety, car and truck traffic will have separated entrances and exits and each unit will have dedicated car parking. Completion is planned for Q2 2020.
Delin Alcala park lies in the Henares Corridor, Spain’s largest logistics and distribution corridor. The park benefits from excellent accessibility via its location on the A2 motorway, a major arterial route that connects Madrid to Zaragoza and Barcelona, whilst Madrid International Airport is a 20-minute drive by car. The area also benefits from a ready-made workforce, with circa 600,000 people living in the local vicinity, and good public transport links.
Founded in 2012, Delin Capital Asset Management (“Delin”) is a leading investor, asset manager and developer of logistics space in several core European markets. With offices in London, Rotterdam and Madrid, Delin presently manages pan European portfolios of standing investments totalling nearly one million square metres of logistics space. Delin’s current development projects amount to nearly 300,000 square metres, with a longer-term development pipeline of more than 500,000 square metres.
Source : Company
 Savills, Logistics Market, Q4 2018
 UNCTAD, B2C E-commerce index