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Delin Capital refinances Project Wave portfolio and three separate assets with £70m PBB facility

Delin Capital Asset Management (DCAM) has refinanced the all-cash purchase of the UK logistics Wave portfolio from InfraRed Capital Partners and three single asset acquisitions from separate vendors with a cross-collateralised £70m five-year fixed-rate senior loan from Deutsche Pfandbriefbank (PBB).
By James Wallace
August 11, 2014 | 5:43 P.M.

DCAM acquired the 1m sq ft Project Wave portfolio, comprised of five prime distribution warehouses at a net initial yield of 7.2% after allowing for rental guarantees, from InfraRed Capital Partners for £66m in January.

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