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abrdn European Logistics Income PLC - investment fund specialising in logistics real estate - Buys two logistics warehouses one in Dijon, France, and one in Horst, Netherlands for an aggregate price of €21.4 million. Says the Dijon property has direct access to the A39 connecting to the A31 and A36 to Lyon, providing links to the wider Alpine road network.
The Horst property is ‘considered the gateway to the European hinterland’.
Fund Manager Evert Castelein says: ‘These assets fit with our strict investment criteria, being excellently located with direct access to major routes and standing on large plots allowing for future expansion. The portfolio now totals 28 properties across five countries, adding further diversity to our strategy.’
Current stock price: 80.79 pence, down 6.1% on Wednesday afternoon
12-month change: down 25%
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