REG - abrdn Euro Logistics - Disposal of further French asset

abrdn European Logistics IncomeAnnouncement

23/01/2026 09:15

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RNS Number : 1635Q  abrdn European Logistics Income plc  23 January 2026

abrdn European Logistics Income plc
LEI: 213800I9IYIKKNRT3G50

Disposal of further French asset for €7.9 million

-23 of the original 27 assets have now been sold as part of the managed
wind-down, generating aggregate gross sales proceeds of over €420 million-

23 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 a further
asset located in France as part of its shareholder-approved managed wind-down.

The asset was built in 2004 and comprises a cross-dock parcel hub located in
Gevrey, Dijon, with a net lettable area of 5,069 square metres and is leased
to the logistics group Dachser France. The asset has been sold for a
consideration of approximately €7.9 million, in line with the value
reflected in the Company's Q3 2025 estimated net asset value.

Continued Sales Process

The Company continues to progress its shareholder-approved managed wind-down,
with the disposal programme well advanced. Following this sale, which was
referenced in the Company's announcement of 12 January 2026, 23 of the
original 27 assets have now been sold, generating aggregate gross sales
proceeds of over €420 million before repayment of associated debt.

A further asset sale agreement has now been signed and is expected to complete
before the end of Q1 2026, with the Company holding a 5% cash deposit from the
purchaser.

The remaining three 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.

Notice of Requisition of General Meeting

On 12 January 2026 the Company announced that it had received a requisition
request (the "Notice of Requisition") from DL Invest Group ISR SARL ("DL
Invest"), via Vidacos Nominees Limited, for the Directors to convene a general
meeting of the Company (the "General Meeting").

The Notice of Requisition requests that, at the General Meeting, shareholders
consider and vote on proposals relating to (i) a change to the Company's
investment policy from that approved by shareholders in July 2024 and (ii) the
replacement of the Company's existing investment manager with DL Invest Group.

Further details, including explanatory information and the timing of the
General Meeting, will be provided in the circular convening the General
Meeting, which is expected to be published in the coming days.

 

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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