Disposal of further French asset
Summary by AI BETAClose X
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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