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abrdn European Logistics Income PLC on Monday said it has completed the sale of two further assets in France for €15.6 million as part of its managed wind-down. The property investor said the two warehouses are located in Bruges, Bordeaux and La Creche, Niort and have been sold to their existing tenant, logistics group Dachser France. The assets are cross-dock parcel facilities across a combined lettable area of over 10,000 square metres. They were built in 2005 and 2014, respectively. The firm said the assets were sold in line with the values reflected in its third quarter estimated net asset value. Following these sales, abrdn European Logistics Income said it has sold 22 of the original 27 assets and generated aggregate gross sales proceeds of €415 million before repayment of associated debt. A further asset sales agreement has been signed and is expected to complete in January, it said. The firm is holding a 5% cash deposit from the purchaser. The property investor said the remaining four assets are currently under offer, subject to due diligence and the anticipated signing of sales agreements. Completions are currently expected before the end of the first quarter, it said. Shares in abrdn European Logistics Income were up 1.5% at 27.40 pence on Monday afternoon in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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