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Aberdeen Standard European Logistics Income PLC - investment firm - Agrees to buy a modern logistics and distribution property in Lodz, Poland. The company says it will acquire the asset for EUR28.0 million, representing a net initial yield of 5.6%, from logistics and industrial developer Panattoni. The asset is 100% leased to six tenants generating a net operating income of EUR1.6 million and with a weighted average lease term of 6.7 years.
In addition, the company says Office Depot France, the sole tenant occupying its Meung-sur-Loire asset in France, paid fourth quarter of 2020 rent in full and the rent due for February and March 2021 has been paid. In total, one month's rent plus a small element of deferred rent, amounting to EUR258,000, remains outstanding.
Current stock price: 108.50 pence
Year-to-date change: unchanged
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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