Abrdn European Logistics Income plc, the fund which is in shareholder-approved managed wind-down, announced the completion of a further asset sale in Zeewolde, the Netherlands.

This means 17 of the original 27 assets are now sold, generating over €320 million in gross proceeds.

The fund said: “The company has completed the disposal of its warehouse in Zeewolde, the Netherlands, for approximately €27.2 million, representing a 2.5% discount to the Q1 2025 valuation.

“The freehold property, constructed in 2019, comprises 35,351 square metres of net leasable area and is let to Aalberts Integrated Piping Systems B.V., a wholly-owned subsidiary of Aalberts Industries N.V., on a long-term lease. The tenant specialises in the manufacturing and distribution of industrial valve products and fittings …

“This transaction further progresses the shareholder-approved managed wind-down, with 17 of the original 27 assets in the company’s portfolio now sold, generating aggregate gross sales proceeds of over €320 million, prior to the repayment of associated debt.

“Of the 10 remaining assets, three disposals are anticipated to complete in Q4 2025.

“The final seven assets remain at various stages of the sales process, with further completions targeted from Q4 2025 onwards.”