Tom Wattles, an industry heavyweight with over 40 years of experience, has joined Delin Property to help to grow its new institutional investment platform.
Joining as a member of Delin Property’s management board and investment committee, Mr. Wattles will have a key role in helping senior management to shape corporate and investment strategy to accelerate the expansion of the company’s capabilities and further institutionalise Delin’s investment and development process.
Rob Reiskin, chief executive officer Delin Property, said: “We’re at a transformational point for Delin Property and there is no one better in the industry to help us succeed than Tom.
“Having worked with Tom in the past, I’m thrilled that we’re joining forces once again. He has a proven track record of shaping the very nature of the logistics sector and nurturing businesses into multi-billion-dollar enterprises. His hands-on, detailed and insightful approach will no doubt create a positive impact for us, our clients and investors.”
Tom has held several senior positions throughout his career, including as co-chairman and chief investment officer at ProLogis and co-founder and executive chairman of DCT Industrial Trust where he helped guide the growth of the enterprise towards a successful $8.4 billion merger with ProLogis in 2018.
Commenting on his appointment, Tom Wattles, added: “As our industry constantly evolves, so too is Delin Property and with this new era for the business, I’m very excited to be joining.
“What sets us apart is our vision to shape the future of the logistics industry and create new opportunities for clients and investors. That vision, the ambitions and capabilities of the business, and its experienced leadership have all been key in motivating me to join. I’m looking forward to helping drive Delin Property to even greater success.”
As the European logistics real estate investment and development firm embarks on its new expansion, its investment strategy remains on targeting high-quality, sustainable warehouses that are strategically placed and adhere to minimum return hurdles.
Delin Property’s recently announced 10-year closed-ended fund, seeded with a portfolio of eight Dutch assets valued at over €300 million, has already secured its first close. The Fund is aiming to raise for €250 million to €300 million of equity and a target of 5% current return for its investors.
