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abrdn European Logistics Income PLC ( (GB:ASLI) ) has shared an update.
abrdn European Logistics Income PLC has announced the sale of three logistics assets as part of its managed wind-down strategy. The sales include a warehouse in Oss, The Netherlands, and two in Spain, with proceeds used to reduce debt and improve the company’s financial position. The sales align with recent valuations, indicating a strong market position and effective asset management. The company continues to engage in accretive leasing activities to enhance portfolio value ahead of further strategic disposals.
More about abrdn European Logistics Income PLC
abrdn European Logistics Income PLC is a company that invests in a diversified portfolio of European logistics real estate. Its primary focus is on logistics properties across Europe, catering to the growing demand for logistics and warehouse spaces in strategic locations.
YTD Price Performance: -4.76%
Average Trading Volume: 975,920
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £230.8M
Learn more about ASLI stock on TipRanks’ Stock Analysis page.
