Business
Disposal of Warehouse in Noves, France
abrdn European Logistics Income plc has sold its warehouse in Noves, France, for €47.5 million, a price consistent with its Q3 2025 valuation. This disposal is part of the company's managed wind-down, with 25 out of 27 original assets now sold, generating over €507 million in aggregate gross sales proceeds before debt repayment. The two remaining assets are still undergoing due diligence as part of the ongoing sales process. Disclaimer*
About this update from Abrdn European Logistics Income Plc
[{"type":"text","content":"\n\nabrdn European Logistics Income plc LEI: 213800I9IYIKKNRT3G50\nDisposal of warehouse in Noves, France, for €47.5 million\n-25 of the original 27 assets have now been sold as part of the managed wind-down, generating aggregate gross sales proceeds of over €507 million-\n20 March 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 its warehouse located in Noves, near Avignon, France, as part of its shareholder-approved managed wind-down.\nThe freehold warehouse located in Noves is leased to the organic food retailer Biocoop. Constructed in 2018 and with a 28,559 square metre lease area the property consists of four cells, two of which are treated as cold storage. The asset has been sold for a consideration of €47.5 million, in line with the Company's independent Q3 2025 valuation by Savills.\nContinued Sales Process\nThe Company's shareholder-approved managed wind-down continues to progress. Following this sale, 25 of the original 27 assets have now been sold, generating aggregate gross sales proceeds of over €507 million before the repayment of associated debt.\nThe two remaining assets remain subject to due diligence as part of the ongoing sales processes.\n \nDetails of the Company and its remaining property portfolio may be found on the Company's website at: http://www.eurologisticsincome.co.uk\nFor further information please contact:\nAberdeen +44 (0) 20 7156 2382\nBen Heatley \nInvestec Bank plc &nbs...