abrdn European Logistics Income plc
LEI: 213800I9IYIKKNRT3G50
Disposal of warehouse in Noves, France, for €47.5 million
-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-
20 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.
The 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.
Continued Sales Process
The 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.
The two remaining assets remain subject to due diligence as part of the ongoing sales processes.
Details of the Company and its remaining property portfolio may be found on the Company's website at: http://www.eurologisticsincome.co.uk
For further information please contact:
Aberdeen +44 (0) 20 7156 2382
Ben Heatley
Investec Bank plc +44 (0) 20 7597 4000
David Yovichic
Denis Flanagan
FTI Consulting +44 (0) 20 3727 1000
Edward Knight
Dido Laurimore
Richard Gotla