Abrdn logistics fund sees ‘good interest’ in sales

Abrdn European Logistics Income is pushing ahead with asset sales as it undergoes a managed wind-down. In a second-quarter stock market update, the firm said it is “in the process of arranging several assets for the sales process and current indications are that there is a good level of interest across the range of quality warehouses that the company owns”. Net asset value per share decreased by 4.2% to 87.9c (74.4p), the company said, a fall it attributed to the requirement to recognise estimated costs of selling the portfolio. The portfolio valuation itself increased 0.17% to €607.35m.