Sale of French Assets

Summary by AI BETAClose X

abrdn European Logistics Income plc has sold two French logistics assets in Bruges and La Crèche to their existing tenant, Dachser France, for approximately €15.6 million. This disposal aligns with the company's Q3 2025 estimated net asset value and is part of its managed wind-down, bringing the total number of sold assets to 22 out of an original 27, generating aggregate gross sales proceeds of €415 million before debt repayment. The company has a further asset sale agreement expected to complete in January 2026 and anticipates the remaining four assets to be sold before the end of Q1 2026, with updates on capital returns to shareholders to follow.

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