REG - abrdn Euro Logistics - Sale of Polish Assets

abrdn European Logistics IncomeAnnouncement

03/11/2025 07:00

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RNS Number : 7566F  abrdn European Logistics Income plc  03 November 2025

abrdn European Logistics Income plc
LEI: 213800I9IYIKKNRT3G50

Disposal of a further three assets, in Poland, for €84 million

-20 assets have now been sold as part of the managed wind-down, generating
aggregate gross sales proceeds of €400 million-

3 November 2025 - abrdn European Logistics Income plc (the "Company" or
"ASLI"), which is invested in a portfolio of European logistics real estate,
announces that it has completed the sale of three further assets in Poland, as
part of its managed wind-down.

The three multi-let warehouse estates are located in Krakow, Lodz and Warsaw
in Poland and were sold for an aggregate consideration of approximately €84
million, representing a c.5% discount to the Q2 2025 valuation. Totalling over
91,000 square metres of leasable area, the properties were constructed between
2018 and 2020.

Conditional sale and purchase agreements were signed in August 2025 following
completion of the required due diligence process.

These three assets were marked at their sales values in the recently announced
Q3 2025 estimated net asset value.

Continued Sales Process

The Company continues to progress its shareholder-approved managed wind-down,
with the disposal programme now well advanced. Following these sales, 20 of
the original 27 assets have been sold, generating aggregate gross sales
proceeds of €400 million before repayment of associated debt.

Four further assets, representing 55,000 square metres of leasable area, are
currently under offer and subject to detailed due diligence and the
anticipated signing of sales agreements. The final three assets remain at
various stages of the sales process. Completions are targeted for Q1 2026.
Further updates will be provided in due course, including details of the next
return of capital to shareholders.

Shareholders are reminded that, with the managed wind-down entering its later
stages, the Company's income has continued to decline substantially. As a
result, any future dividend payments are expected to be limited to those
required to maintain the Company's investment trust status.

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

Dido Laurimore

Richard Gotla

Oliver Parsons

 

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