Business
Sale of French Assets
abrdn European Logistics Income plc has sold two French logistics assets in Bruges and La Crèche to their existing tenant, Dachser France, for approximately €15.6 million. This disposal aligns with the company's Q3 2025 estimated net asset value and is part of its managed wind-down, bringing the total number of sold assets to 22 out of an original 27, generating aggregate gross sales proceeds of €415 million before debt repayment. The company has a further asset sale agreement expected to complete in January 2026 and anticipates the remaining four assets to be sold before the end of Q1 2026, with updates on capital returns to shareholders to follow. Disclaimer*
About this update from Abrdn European Logistics Income Plc
[{"type":"text","content":"\n\nabrdn European Logistics Income plc LEI: 213800I9IYIKKNRT3G50\nDisposal of two French assets for €15.6 million\n-22 of the original 27 assets have now been sold as part of the managed wind-down, generating aggregate gross sales proceeds of €415 million-\n12 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 two further assets in France as part of its shareholder-approved managed wind-down.\nThe two warehouses located in Bruges (Bordeaux) and La Crèche (Niort) in France have been sold to their existing tenant, the logistics group Dachser France, for an aggregate consideration of approximately €15.6 million. The assets comprise cross-dock parcel facilities providing a combined lettable area of over 10,000 square metres and were constructed in 2005 and 2014, respectively.\nThe assets were disposed of in line with the values 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 now well advanced. Following these sales, 22 of the original 27 assets have been sold, generating aggregate gross sales proceeds of €415 million before repayment of associated debt.\nA further asset sale agreement has been signed and is expected to complete in January 2026, with the Company holding a 5% cash deposit from the purchaser.\nThe remaining four 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. Further updates will be provided in due course, including details of the next return of capital to shareholders.\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 &n...