REG - abrdn Euro Logistics - Disposal of Warehouse in Noves, France

abrdn European Logistics IncomeAnnouncement

20/03/2026 10:00

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RNS Number : 4916X  abrdn European Logistics Income plc  20 March 2026

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

 

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