Disposal of Warehouse in Noves, France

Summary by AI ^BETAClose X

abrdn European Logistics Income plc has sold its warehouse in Noves, France, for €47.5 million, a price consistent with its Q3 2025 valuation. This disposal is part of the company's managed wind-down, with 25 out of 27 original assets now sold, generating over €507 million in aggregate gross sales proceeds before debt repayment. The two remaining assets are still undergoing due diligence as part of the ongoing sales process.

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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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