abrdn European Logistics Income PLC (GB:ASLI) has released an update.
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abrdn European Logistics Income PLC has announced its decision to undergo a managed wind-down, aiming to maximize shareholder returns by selling off its portfolio of 25 modern logistics warehouses in an orderly manner, following shareholder votes. The company reported a net asset value per share of 89.3 euro cents as of June 30, 2024, and intends to make an initial return of capital to shareholders by early 2025. This strategic move comes after a comprehensive review and amidst an economic environment of dropping interest rates and low inflation within the eurozone.
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