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Pin to quick picksAbrdn Euro Log Regulatory News (ASLI)

Share Price Information for Abrdn Euro Log (ASLI)

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Share Price: 61.70
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abrdn European Logistics Income is an Investment Trust

To provide a regular and attractive level of income and capital growth from investing in high quality European logistics real estate.

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Trading Update

2 Jul 2018 13:55

RNS Number : 2859T
Aberdeen Standard Eur Lgstc Inc PLC
02 July 2018
 

Aberdeen Standard European Logistics Income PLC (LSE: ASLI) (the "Company")

LEI: 213800I9IYIKKNRT3G50

 

2 July 2018

 

Trading Update - July 2018

 

The Board of Aberdeen Standard European Logistics Income PLC is pleased to announce the following trading update ahead of the publication of the Company's half year results for the period from incorporation to 30 June 2018.

Trading highlights

· First acquisition of a modern fully-let logistics facility in Flörsheim (Frankfurt Rhine-Main), Germany for a purchase price of EUR20.1 million completed in January 2018 and is now fully income producing. The asset has already seen appreciation in capital value since acquisition.

 

· Sale and Purchase Agreement signed in respect of second acquisition of a logistics property development in Erlensee (Frankfurt Rhine-Main), Germany for a purchase price of EUR33.0 million which is expected to complete in early September 2018. The property is expected to be fully pre-let at the time of completion.

 

· The Investment Manager has reached exclusive price agreement and is in advanced stages of due diligence on 5 further logistics facilities in Spain, France and the Netherlands representing a total investment volume of EUR131.4 million.

 

· The Investment Manager continues to see healthy deal flow and is currently in negotiations with vendors to acquire further properties in Sweden, Germany and Belgium representing an investment volume of approximately EUR115 million.

 

· The Investment Manager continues to see positive prospects for the European Logistics market evidenced by a deep pipeline of attractive opportunities and continuing interest from global institutional investors amid continued price strength across the sector.

 

· Maiden interim dividend (expected to be 0.7p as indicated at the time of launch) for the period to 30 June 2018 is expected to be announced in early September 2018 with half yearly results expected to be published on or around 25 September and posting to shareholders in early October.

 

The Board is pleased with the progress made to date, the current pipeline and the opportunities seen across the region by the Investment Manager's transaction teams. Portfolio construction remains an essential tenet of the investment process with a continuing focus on major logistics hubs and 'last mile' facilities. The rapid growth of e-commerce, supply chain reconfiguration amongst existing operators and increased globalisation of traded goods is a continuing trend creating demand for high quality modern facilities often in densely populated areas where land is scarce offering the opportunity to secure indexed leases and capital growth. The medium to long term outlook for the logistics sector remains very favourable.

Details of the Company may be found on the Company's website which can be found at: http://www.eurologisticsincome.co.uk/eurologisticsincome

 

For further information:

Aberdeen Fund Managers Limited

0207 463 6000

William Hemmings

Gary Jones

Jonathon McManus

Canaccord Genuity Limited

0207 523 8000

 

Will Barnett

Neil Brierley

Dominic Waters

David Yovichic

Notes to Editors

Aberdeen Standard European Logistics Income PLC is a UK investment trust with a premium listing on the Main Market of the London Stock Exchange. The Company invests in European logistics real estate to achieve its objective of providing its shareholders with a regular and attractive level of income return together with the potential for long term income and capital growth. The Company aims to invest in a portfolio of assets diversified by both geography and tenant throughout Europe, predominantly targeting well-located assets at established distribution hubs and within population centres.

The Company launched on 15 December 2017 raising gross proceeds of £187.5m. Portfolio management services are undertaken by Aberdeen Asset Managers Limited.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
TSTLLFEFDVIFIIT
Date   Source Headline
28th Mar 20247:41 amGNWForm 8.5 (EPT/RI) - Abrdn European Logistics Income Plc
27th Mar 20245:08 pmRNSForm 8.3 - abrdn European Logistics Income plc
27th Mar 20243:20 pmRNSForm 8.3 - abrdn European Logistics Income plc
27th Mar 20243:00 pmRNSForm 8.3 - abrdn European Logistics Income PLC
27th Mar 20242:21 pmRNSForm 8.3 - abrdn European Logistics Income plc
27th Mar 20241:23 pmGNWForm 8.3 - ABRDN European Logistics Income PLC
27th Mar 202411:55 amGNWForm 8.3 - [abrdn EUROPEAN LOGISTICS INCOME PLC - 26 03 2024] - (CGWL)
27th Mar 202411:00 amRNSSale of French Asset
27th Mar 202410:02 amRNSForm 8.3 - Abrdn European Logistics Income plc
27th Mar 20247:57 amRNSForm 8.3 - abrdn European Logistics Income plc
27th Mar 20247:33 amGNWForm 8.5 (EPT/RI) - Abrdn European Logistics Income Plc
26th Mar 20243:20 pmRNSForm 8.3 - abrdn European Logistics Income plc
26th Mar 20243:00 pmRNSForm 8.3 - abrdn European Logistics Income PLC
26th Mar 20241:37 pmRNSForm 8.3 - abrdn European Logistics Income plc
26th Mar 202412:31 pmRNSForm 8.3 - abrdn European Logistics Income plc
26th Mar 202412:17 pmGNWForm 8.3 - ABRDN European Logistics Income PLC
26th Mar 202410:53 amRNSForm 8.3 - [abrdn European Logistics Income plc]
26th Mar 202410:21 amRNSForm 8.3 - abrdn European Logistics Income plc
26th Mar 20247:51 amGNWForm 8.5 (EPT/RI) - Abrdn European Logistics Income Plc
25th Mar 20245:07 pmRNSForm 8.3 - abrdn European Logistics Income plc
25th Mar 20243:20 pmRNSForm 8.3 - abrdn European Logistics Income plc
25th Mar 20243:01 pmRNSForm 8.3 - abrdn European Logistics Income plc
25th Mar 20243:00 pmRNSForm 8.3 - abrdn European Logistics Income PLC
25th Mar 20242:36 pmRNSForm 8.3 - abrdn European Logistics Income plc
25th Mar 20241:58 pmGNWForm 8.3 - ABRDN European Logistics Income PLC
25th Mar 202411:42 amRNSForm 8.3 - abrdn European Logistics Income plc
25th Mar 202411:09 amGNWForm 8.3 - [abrdn EUROPEAN LOGISTICS INCOME PLC] - 22 03 2024 - (CGWL)
25th Mar 20249:28 amGNWForm 8.5 (EPT/RI) - Abrdn European Logistics Income Plc
25th Mar 20249:15 amRNSForm 8.3 - Abrdn European Logistics Income plc
22nd Mar 20243:20 pmRNSForm 8.3 - abrdn European Logistics Income plc
22nd Mar 20243:00 pmRNSForm 8.3 - abrdn European Logistics Income PLC
22nd Mar 20241:30 pmRNSForm 8.3 - abrdn European Logistics Income plc
22nd Mar 202412:53 pmRNSForm 8.3 - abrdn European Logistics Income plc
22nd Mar 202411:32 amRNSForm 8.3 - abrdn European Logistics Income plc
22nd Mar 202410:33 amRNSForm 8.3 - abrdn European Logistics Income plc
22nd Mar 20248:35 amGNWForm 8.5 (EPT/RI) - Abrdn European Logistics Income Plc
22nd Mar 20248:22 amRNSForm 8.3 - abrdn European Logistics Income plc
21st Mar 20244:53 pmRNSForm 8.3 - abrdn European Logistics Income plc
21st Mar 20243:04 pmRNSForm 8.3 - abrdn European Logistics Income plc
21st Mar 20243:00 pmRNSForm 8.3 - abrdn European Logistics Income PLC
21st Mar 20242:00 pmGNWForm 8.3 - [abrdn EUROPEAN LOGISTICS INCOME PLC] - 20 03 2024 - (CGWL)
21st Mar 20241:54 pmRNSForm 8.3 - abrdn European Logistics Income plc
21st Mar 202412:03 pmRNSForm 8.3 - abrdn European Logistics Income plc
21st Mar 202410:54 amGNWForm 8.3 - ABRDN European Logistics Income PLC
21st Mar 20249:08 amRNSForm 8.3 - abrdn European Logistics Income plc
20th Mar 20245:20 pmRNSForm 8.3 - abrdn European Logistics Income plc
20th Mar 20243:00 pmRNSForm 8.3 - abrdn European Logistics Income PLC
20th Mar 20242:42 pmRNSForm 8.3 - abrdn European Logistics Income plc
20th Mar 202412:44 pmRNSForm 8.3 - abrdn European Logistics Income plc
20th Mar 202412:32 pmGNWForm 8.3 - ABRDN European Logistics Income PLC

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