db symmetry was formed as a UK joint venture through the purchase of a 60% holding in Barwood Developments Limited by clients advised by Delancey; a specialist real estate investment, development and advisory company. The remaining 40% shareholding is controlled by the executive management team.
The company has an existing portfolio comprising 1,500 acres of strategic land holdings with an expected development value of over £2 billion, which is expected to receive planning consent for over 30 million sq ft of primarily logistics property over the next four years. In addition, the company has seven other projects funded by third party investors. The portfolio is extremely well located, concentrated around the main motorway arteries of the UK and primarily around the ‘Golden Triangle’ of the M1 and M40.
The creation of db symmetry provides Barwood with a strong financial partner and Delancey with access to Barwood’s significant existing portfolio of logistics development opportunities. Delancey has committed to provide further funds which will allow db symmetry to accelerate the development portfolio and existing land bank. Delancey’s strategic investment will also allow db symmetry to grow through the acquisition of additional strategic land and development opportunities.