abrdn Euro Logistics - Appointment of New Lead Fund Manager

abrdn European Logistics Income

11/10/2022 07:00

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RNS Number : 4032C  abrdn European Logistics Income plc  11 October 2022

11 October 2022

LEI: 213800I9IYIKKNRT3G50

 

abrdn European Logistics Income plc

 

Troels Andersen appointed lead Fund Manager

 

The Board of abrdn European Logistics Income plc (the "Company" or "ASLI") has
been informed that Evert Castelein has resigned from abrdn and will therefore
be stepping down as lead Fund Manager of the Company. Troels Andersen, who
joined abrdn in April 2011 and is based in Copenhagen, Denmark, will assume
the role with immediate effect. Evert will remain at abrdn until the end of
the year, ensuring a comprehensive handover of his duties.

 

Since 2019 Troels has been Fund Manager of abrdn's multi-sector European Long
Income Real Estate Fund, having successfully overseen its launch and which has
a gross asset value of c. €150 million. Prior to this he was Fund Manager of
abrdn's €500 million gross asset value Aberdeen Property Nordic I Fund,
together with a further segregated value-add mandate. He was previously a
member of abrdn´s Nordic and European Investment Committees, which approve
all major decisions for investments in the region. Troels brings 25 years of
real estate investment experience, including logistics asset transactions,
together with knowledge of debt facility management, having spent the first
part of his career working for German banks in both Germany and the UK.

 

Troels will be supported by existing team members Geoff Hepburn, Attila Molnar
and Ross Hutchison, providing continuity in the management of the portfolio.
The Company continues to benefit from abrdn's c. 100 strong specialist
pan-European investment and asset management team, which plays an important
role in the successful delivery of the Company's investment strategy.

 

Tony Roper, Chairman of abrdn European Logistics Income plc, commented:

"Evert has been with us since our IPO in December 2017 and has been a valued
member of the wider abrdn European Real Estate team. The Board thanks him for
his determined contribution and we wish him the very best in his future
career.

 

"The Board looks forward to working with Troels and we remain confident in the
outlook for the Company which is focused on the long-term European logistics
growth story."

 

 

For further information please contact:

abrdn
                                +44 (0) 20 7463
6000

Luke Mason

Gary Jones

 

Investec Bank
plc
+44 (0) 20 7597 4000

Denis Flanagan

David Yovichic

 

FTI
Consulting
+44 (0) 20 3727 1000

Dido Laurimore

Richard Gotla

James McEwan

 

 

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