Delin Capital Asset Management (DCAM) is a real estate investment advisor and asset manager focused on investments in logistics assets in Western Europe.

Long Term

DCAM targets acquisitions of income producing distribution assets in core logistics locations to deliver its investors a stable income return together with real preservation of capital.

We are a long-term investor


DCAM will consider selectively development or value add investments provided their location is sustainable over the long term as a logistics hub by virtue of local infrastructure.

We employ a location led investment strategy

DCAM is an investor that is focused exclusively on the real estate of Europe’s supply chains. The UK and the Netherlands were initially selected as our core markets owing to their established transport infrastructure and their overall significance within European chains. However, DCAM is now also considering investments in other established adjoining locations, with a particular focus on Germany.

Logistics and supply chains may be considered a defensive investment sector that will continue to grow, despite the broader economy, as the penetration of delivery based e-commerce increases as a share of overall retail spending and off-shoring of manufacturing away from higher cost, developed nations to lower cost, developing nations continues.


Our investment philosophy is focussed around the following key principles:

  • Location led logistics real estate investments to provide stable, attractive risk adjusted returns over the long term

  • Real capital preservation (above inflation return) from physical assets with (where possible) inflation linked income

  • Maximisation of income distributions to investors

  • Relatively liquid assets (standard units in established locations)

  • Low leverage

In our acquisition program, we look for properties that benefit from the following characteristics:

  1. Property in an established logistics location.

  2. Standard distribution and storage warehouses of a size between 10-50k sq m

  3. Modern assets in good condition and modern, industry standard specifications

  4. Preference is for assets with site cover of less than 50%

If you wish to introduce an opportunity to DCAM meeting our investment criteria, please email us at

DCAM considers that its investment results are directly related to the quality of its team of professionals. The DCAM team brings together broad experience in real estate investment and financing as well as general corporate finance and M&A expertise.


Ekaterina Avdonina, Managing Director

Ekaterina Avdonina is a Managing Director for DCAM. Since 2010 Ekaterina has been with Delin Capital Group focused on real estate investments.

Previously, Ekaterina was a Relationship Manager at ING Real Estate Finance in the Netherlands. Prior to ING, Ekaterina was with GVA Sawyer in Moscow focused on the execution of development projects.

Ekaterina graduated with a MSc. in Real Estate from Cass Business School and received a degree in Corporate Finance and Accounting from the Finance Academy under the Russian Government.

Andy Colman, Finance Director

Andy is a Chartered Accountant who worked with PwC for 21 years in their assurance practice, focussing on fund management and real estate clients. He subsequently moved to CBRE Global Investors as their European CFO structuring and launching a number of Pan-European and UK value-add and core funds, and overseeing their administration and financial reporting.

Andy also spent time at Aerium Finance, a European family office and third party investment manager, where he worked in a small team investing and financing over £600 million of UK offices.

Bart de Sitter, Development Director

Bart de Sitter is the Development Director for DCAM. Former CEO and previously COO of ULogis (a real estate company with 15+ yrs of experience in semi-industrial and logistics real estate project).

His expertise is built primarily around the design, planning and construction of semi-industrial and logistics buildings. He has more than 12 years’ experience in real estate development.

Jonathan Gardner, Vice President Asset Management

Jonathan is a Vice President in Asset Management for DCAM. Prior to joining DCAM, Jonathan held senior management positions in the Radial Distribution Fund, which specialised in prime logistics property in the UK and mainland Europe, and with Ashtenne Asset Management, a leading UK industrial and logistics property asset manager.

A Chartered Surveyor, Jonathan graduated with a BSc.(Hons) in Estate Surveying from Nottingham Trent University, before subsequently completing the RICS Postgraduate Diploma in Property Investment at the College of Estate Management in Reading.

Tudor Baidoc, Associate Investments

Tudor Baidoc is an Associate in Investments for DCAM and joined the company in 2015. After completing a two year Leadership Program at GE Capital, Tudor worked as an Underwriting Associate within the GE Real Estate UK Group focused on new business. Prior to this, Tudor was with Colliers International Bucharest Office as an Associate in the Investments Team focused on Business Development and investors consulting.

With a BA in Banking and Finance, Tudor obtained his Masters degree in “Management of International Financial Risk” from Bucharest Academy of Economic Studies (with a scholarship at Vienna University of Business and Economics).

Lila Hardy, Business Analyst

Lila is a Business Analyst for DCAM and joined the company in 2013. Prior to joining DCAM Lila was an Executive Assistant at Savills, based in northwest London.

Lila holds a Level 4 NVQ Diploma in Business and Administration.

Sarah Emery, Vice President Finance

Sarah Emery is a Vice President in Finance for DCAM. Sarah joined the company in April 2013.

Sarah has over 6 years of experience in the Real Estate sector having undertaken a variety of finance roles with Knight Frank LLP and DPGS London Limited. Prior to this Sarah was a Financial Controller at Christie’s.

Sarah graduated with a BSc. (Hons) in Economics from Manchester University and is a member of The Institute of Chartered Accountants in England and Wales.

Kimberly Mushonga, Financial Accountant

Kimberly is a Financial Accountant for DCAM and joined the company in 2015. Kimberly trained as a Chartered Accountant with Kreston Reeves, a London based accountancy and financial services firm. Prior to joining DCAM Kimberly was a Financial Controller at Welbeck Land.

Kimberly is a member of The Institute of Chartered Accountants in England and Wales.

Graeme McFaull, Senior Advisor

Graeme McFaull is a Senior Advisor to Delin Capital Asset Management. Graeme is also Operating Chairman of Delin Capital and involved in several of their portfolio companies. Prior to joining the Delin Group, Graeme was Group CEO of Wincanton Plc and spent a substantial part of his career in the European logistics industry.

He is a Chartered Management Accountant and spent his early career in senior finance roles with PepsiCo and Cargill. In addition to his role with the Delin Group, he is a non-executive Director of the Wates Group and Chairman of the charity Transaid.

Paul Marcuse, Senior Advisor

Paul Marcuse is a Senior Adviser to Delin Capital Asset Management. Prior to building a non-executive portfolio, Paul's 33-year corporate career embraced a number of senior leadership roles, most recently as a Group Managing Director at UBS and Head of Global Real Estate within Global Asset Management.

Paul was previously at AXA, Rodamco, BZW and Goldman Sachs. Paul holds an MA in Modern Languages from The University of Cambridge and an MBA from Cass Business School.

Amos Chia, Associate

Amos is an Associate for DCAM. Prior to joining DCAM, Amos was an Investment Associate with Revetas Capital, focused on deal sourcing, underwriting and execution of Logistics, Retail and Office investments in CEE.

Prior to that, Amos was a Graduate Analyst at RBS, Markets and International Banking. Working in the Real Estate Restructuring and Financial Institutions Team, he advised property investment groups on restructuring their overly leveraged or under-performing assets within UK and Western Europe. Amos graduated from Cass Business School with BSc (Hons) Banking and International Finance


  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 25 January 2016

    Christian Jamison to leave Delin Capital Asset Management

  • 20 July 2015

    Delin Capital Asset Management Strengthens Team With Appointments of Andy Colman and Jonathan Gardner

  • 7 July 2015

    Delin Capital Acquires G-Star RAW Distribution Centre in a Sale and Leaseback

  • 14 April 2015

    Delin Capital Secures 212,000 sqft Letting to The Range

  • 6 January 2015

    Delin Capital Kicks Off the New Year with €40 Million Off-market Netherlands Purchase

  • 16 December 2014

    Delin Capital Builds Portfolio with Major Netherlands Purchase

  • 11 August 2014

    Delin Capital Secures c.£70 Million Loan Facility from pbb Deutsche Pfandbriefbank

  • 03 June 2014

    Video: Christian Jamison interviewed for The Global Real Estate Institute

  • 05 May 2014

    Video: Christian Jamison interviewed for Property EU TV Channel

  • 28 April 2014

    Paul Marcuse to Join Delin Capital Asset Management

  • 7 January 2014

    Delin Capital Makes £81 Million of UK Logistics Acquisitions

  • 7 January 2014

    Delin Capital Secures €74 Million Loan Against Dutch Portfolio from Düsseldorfer…

  • 10 September 2013

    Delin Capital Asset Management appoints Stuart Davies as Head of Asset Management

  • 9 September 2013

    Delin Capital buys Manchester warehouse for £13 million

  • 22 July 2013

    Delin Capital boosts CPP I fund with further €80 million of Dutch acquisitions

  • 5 April 2013

    Delin Capital makes further Netherlands purchase with acquisition of 51,000 sqm…

  • 22 December 2012

    Delin Capital Makes Further €28 Million of Purchases. First UK Aquisition With Cabot…

  • 26 October 2012

    Delin Capital Asset Management Raises €200 Million for Inaugural European Core Logistics…

DCAM is a privately held company headquartered in Jersey with, through its affiliates, offices in UK.

Delin Capital Asset Management UK Limited is an Appointed Representative of Gallium Fund Solutions Limited, which is authorised and regulated by the Financial Conduct Authority.

For all general and media enquiries, please contact Lila Hardy on
+44 (0)20 7487 1220 or

London Representative Office

Delin Capital Asset Management
35 Portman Square

Tel: +44 (0)207 487 1220
Fax: +44 (0)203 305 8003


Jersey Office

Delin Capital Asset Management
4th Floor, St Paul’s Gate
22-24 New Street
St Helier

Tel: +44 (0)1534 504 700
Fax: +44 (0)1534 504 701



DCAM is not currently hiring but if prospective candidates wish to submit their CV for consideration, please email it to