Delin Property Acquires Two Madrid Logistics Assets to Initiate 200 Million-Euro Strategy in Spain

Press Release: for immediate publication

Delin to assemble a portfolio of income-producing assets with scope for
value enhancement for a London-based single family office.

16th July, 2025 (London) – Delin Property, the fully integrated European logistics warehouse
specialist, has acquired two fully-occupied, modern logistics warehouses on Madrid’s
southern outskirts. It acted for a London-based single family office, for which it is
assembling a portfolio of income-producing logistics assets in Spain with a target value of
200 million euros.

Tom Wattles, CEO of Delin Property, said: “What a terrific start for our new venture, which
is an important catalyst for our growth ambitions in Spain. The core plus strategy plays to
our strengths of sourcing investments and bringing our logistics expertise to manage the
assets and add value. It’s another strong vote of confidence in our capabilities by
institutional capital.”

Delin Property acquired the two properties in the Villaverde and Pinto distribution hubs for
a total of around 25 million euros from a joint venture formed by Corebridge Real Estate
Investors and DeA Capital Real Estate. Built in the past three years, the properties provide a
combined 17,720 square metres of gross lettable space and both have a BREEAM “Very
Good” sustainability rating.

Villaverde has developed into a popular distribution hub because it is 10 kilometres from
central Madrid, accessed by the A-4 and A-42 highways as well as city ringroads. Delivered
in early 2022, the 9,441 sq.m building is divided into four separate units, which are leased to
auto parts manufacturer Grupo Recalvi, orthodontics solutions supplier Smartee, the NGO
Humana for textile recycling and the supply chain logistics provider Pick&Pack.

The Pinto property provides 8,279 sq.m. of space on a 1.5-hectare site. It is occupied on a
long lease by logistics and environmental management provider EcoQuímica Logística
Integral, for which it was purpose built last year for the secure storage and transportation of
materials. Pinto is 20 kilometres south of central Madrid and has direct motorway access to
serve the Greater Madrid region as well as the city centre, 20 kilomeres away.

Isaac Núñez, Delin Property’s Managing Director for Spain, said: “These properties will
seed a portfolio of stabilised assets in urban infill locations in the major cities of Barcelona,
Madrid and Valencia. The dynamism of the Spanish economy and the supply-demand
imbalance for high-quality, well-located logistics assets is driving the leasing market. We are
scouring the market to add to our pipeline of investments to capture the attractive riskadjusted
returns that we anticipate from this strong market dynamic.”

Advising Delin Property on the new strategic venture was Knight Frank. On the transaction
itself CMS advised on the legal aspect, Arcadis on the technicals, while PwC supported on
financial and tax side of the purchase. CBRE acted on behalf of the asset vendor, the
Corebridge-DeA Capital joint venture

Ends

Notes to Editors:

About Delin Property
Delin is a fully integrated specialist in European logistics active today in the UK,
Netherlands and Spain. The Company currently owns and or operates 530,000 square metres
of distribution space across the three markets. For more than a decade the company has been
developing, leasing and managing logistics properties for its own investment or acting for
third party investors, including its Dutch Logistics Fund and Blackstone funds. The
company has ambitious plans to grow its platform through logistics real estate funds, offering
institutional investors access to an attractive asset class in which it has deep expertise. To
find out more about Delin Property, please visit our website https://www.delinproperty.com/
 

Media contact
 

Simon Packard
simon.packard@headlionconsulting.com
phone: +44 7701 089844