(The following press release from Delin Capital was received by e-mail. 
It was not confirmed by the sender.) 
20 September 2013 – Delin Capital Asset Management, (‘DCAM’ or the ‘Company’), 
a Jersey registered real estate investment advisor and asset manager focused on 
investments in logistics assets in the UK, the Netherlands and Belgium, has 
today announced the acquisition of a distribution warehouse in Greater 
Manchester, UK. The property was acquired from Investec Bank PLC, in an 
off-market transaction for approximately £13 million representing a net initial 
yield of circa 7.3%. 
Located on the Agecroft Commerce Park, the 20,500 sqm asset is fully leased to 
Bunzl Retail and Healthcare Supplies Ltd (‘Bunzl’) with a further 13.7 years 
remaining on the lease. The park is strategically located, benefiting from 
strong transport infrastructure to the east and west, via the M60 and M62 which 
also both provide access to the M6 motorway creating north/south communication 
links. The strength of its location has ensured the park is regarded as one of 
the leading industrial, manufacturing and distribution parks serving the 
Greater Manchester area, characterised by modern distribution units that have 
been developed over the past ten years. 
This acquisition represents DCAM’s sixth purchase on behalf of its €400 million 
Capital Preservation Portfolio I, (‘CPP I’ or the ‘Fund’), the Company’s 
inaugural core plus logistics fund launched in October 2012, and its second in 
the UK and means it has now deployed circa €180 million of equity into the 
European logistics sector representing over 226,000 sqm of prime distribution 
Since its launch, the Fund has made all acquisitions on a cash basis but is now 
aiming to introduce some modest leverage. 
Christian Jamison, Chief Executive Officer of DCAM commented:
“The UK market has become very competitive of late, but as a cash buyer we are 
strongly placed to execute transactions quickly.
“This is a modern, well-let asset in a strong UK location and so we are very 
pleased to have secured it on behalf of the Fund through an off-market 
DCAM was advised by Deloitte and CMS. 
20 September 2013 – Delin Capital Asset Management, (‘DCAM’ or the ‘Company’), 
a Jersey registered real estate investment advisor and asset manager focused on 
the logistics sector in the UK, Belgium and the Netherlands, announces the 
appointment of Stuart Davies, as Head of Asset Management. 
Stuart has over ten years of experience in logistics asset management across 
both the real estate and the retail sectors.  He joins DCAM from his role as 
Asset Manager at John Lewis plc, where he was responsible for management of the 
business’s entire distribution network, four department stores and four 
partnership hotels. Prior to this, Stuart was Regional Director of Heathrow at 
SEGRO plc, responsible for the company’s £700 million Heathrow portfolio.  
Stuart has also held senior asset management positions at Brixton plc and at 
BAA Ltd. 
Christian Jamison, Chief Executive Officer of DCAM commented: “With over €180 
million of equity now invested in a high quality portfolio of logistics assets, 
I am delighted that we have been able to secure someone of Stuart’s calibre to 
head-up our asset management team. Stuart’s extensive and proven track record 
in logistics asset management will be invaluable to the future growth of the 
business as we remain committed to buying prime, modern assets in our core 
European target markets to provide CCP I’s investors with long-term income 
distribution combined with real capital preservation.” 
- END - 
Nina Legge
Senior Consultant
Strategic Communications
F T I Consulting
+44 (0)20 7269 7261 direct
+44 (0) 7515 597 558 mobile<>
Holborn Gate, 26 Southampton Buildings
London, WC2A 1PB<> 
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