Business
Disposal of further French asset
abrdn European Logistics Income plc has sold another French asset for €7.9 million, bringing the total number of sold assets to 23 out of an original 27, generating over €420 million in gross proceeds as part of its managed wind-down. The company has also signed an agreement for a further asset sale expected to complete before the end of Q1 2026, with the remaining three assets currently under offer. Separately, a requisition for a general meeting has been received from DL Invest Group ISR SARL to consider changes to the investment policy and the replacement of the investment manager. Disclaimer*
About this update from Abrdn European Logistics Income Plc
[{"type":"text","content":"\n\nabrdn European Logistics Income plc LEI: 213800I9IYIKKNRT3G50\nDisposal of further French asset for €7.9 million\n-23 of the original 27 assets have now been sold as part of the managed wind-down, generating aggregate gross sales proceeds of over €420 million-\n23 January 2026 - abrdn European Logistics Income plc (the \"Company\" or \"ASLI\"), which is in the process of winding down its portfolio of European logistics real estate, announces that it has completed the sale of a further asset located in France as part of its shareholder-approved managed wind-down.\nThe asset was built in 2004 and comprises a cross-dock parcel hub located in Gevrey, Dijon, with a net lettable area of 5,069 square metres and is leased to the logistics group Dachser France. The asset has been sold for a consideration of approximately €7.9 million, in line with the value reflected in the Company's Q3 2025 estimated net asset value.\nContinued Sales Process\nThe Company continues to progress its shareholder-approved managed wind-down, with the disposal programme well advanced. Following this sale, which was referenced in the Company's announcement of 12 January 2026, 23 of the original 27 assets have now been sold, generating aggregate gross sales proceeds of over €420 million before repayment of associated debt.\nA further asset sale agreement has now been signed and is expected to complete before the end of Q1 2026, with the Company holding a 5% cash deposit from the purchaser.\nThe remaining three assets are currently under offer, subject to detailed due diligence and the anticipated signing of sales agreements. Completions are currently expected before the end of Q1 2026.\nNotice of Requisition of General Meeting\nOn 12 January 2026 the Company announced that it had received a requisition request (the \"Notice of Requisition\") from DL Invest Group ISR SARL (\"DL Invest\"), via Vidacos Nominees Limited, for the Directors to convene a general meeting of the Company (the \"General Meeting\").\nThe Notice of Requisition requests that, at the General Meeting, shareholders consider and vote on proposals relating to (i) a change to the Company's investment policy from that approved by shareholders in July 2024 and (ii) the replacement of the Company's existing investment manager with DL Invest Group.\nFurther details, including explanatory ...