REG - abrdn Euro Logistics - Disposal of Dutch Asset

abrdn European Logistics IncomeAnnouncement

16/03/2026 15:30

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RNS Number : 8321W  abrdn European Logistics Income plc  16 March 2026

abrdn European Logistics Income plc
LEI: 213800I9IYIKKNRT3G50

Disposal of Dutch asset for c.€35 million

-24 of the original 27 assets have now been sold as part of the managed
wind-down, generating aggregate gross sales proceeds of over €460 million-

16 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 a further
asset located in the Netherlands as part of its shareholder-approved managed
wind-down.

The cross-dock warehouse located in Waddinxveen is leased to the fresh-produce
wholesaler Combilo International. The sale comprises this single-let logistics
unit constructed over a number of phases between 1980 and 2022 together with a
standalone asset subleased to Thermo Transit which forms part of the site and
was developed in 2022. The asset has been sold for a consideration of
approximately €35 million, 4.5% ahead of the Company's independent Q3 2025
valuation by Savills. This valuation was reflected in the Company's Q3 2025
estimated net asset value.

Net proceeds from this sale have been used to repay in full the
BerlinHyp-provided €34.3 million debt secured against the Ede and
Waddinxveen properties which was due to expire in June 2026. This follows the
repayment of the €22 million BayernLB loan in late Q4 2025 which was due to
expire on 12 February 2026. Following these repayments, the Company's
remaining debt facility totals €23.9 million.

Continued Sales Process

The Company continues to progress its shareholder-approved managed wind-down.
Following this sale, 24 of the original 27 assets have now been sold,
generating aggregate gross sales proceeds of over €460 million before
repayment of associated debt.

A further asset sale agreement has been signed and this is expected to
complete shortly. The two remaining assets remain subject to due diligence as
part of the ongoing sales processes.

The Company expects to announce its Q4 2025 NAV update shortly.

 

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

 

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