Abrdn European Logistics Income plc (LSE:ASLI) (ASLI) has completed the sale of a cross-dock warehouse in Waddinxveen, the Netherlands, for approximately €35 million as part of its shareholder-approved managed wind-down.
The unit is leased to fresh-produce wholesaler Combilo International and includes a standalone asset subleased to Thermo Transit. The asset was sold "approximately €35 million, 4.5% ahead of the Company's independent Q3 2025 valuation by Savills," according to the filing.
Sale proceeds were applied to fully discharge the BerlinHyp facility of €34.3 million, which had been secured against the Ede and Waddinxveen properties and was due to mature in June 2026. This follows the repayment of the €22 million BayernLB loan in late Q4 2025; after these repayments the company's remaining debt facility totals €23.9 million, the company said.
Following the deal, 24 of the original 27 assets have now been sold, with total gross proceeds from disposals exceeding €460 million before repayment of associated debt. A further asset sale agreement has been signed and is expected to complete shortly, with two assets remaining under due diligence, the filing added.
The investment firm added that it expected to announce its Q4 2025 NAV update shortly.
Key facts
Sold Waddinxveen warehouse for ~€35m, 4.5% above Q3 2025 valuation.
Repaid €34.3m BerlinHyp loan; remaining debt facility €23.9m.
24 of 27 assets sold; aggregate gross sales proceeds > €460m.
