Aberdeen Standard Eur Lgstc Inc PLC GRESB 2020 Survey Results & Polish asset agreement (8417H)

TIDMASLI

RNS Number : 8417H

Aberdeen Standard Eur Lgstc Inc PLC

08 December 2020

8 December 2020

Aberdeen Standard European Logistics Income PLC

LEI: 213800I9IYIKKNRT3G50

GRESB 2020 Survey Results & Polish asset agreement

The Board of Aberdeen Standard European Logistics Income PLC (the "Company" or "ASLI") is pleased to announce that in the recently released survey of GRESB (Global Real Estate Sustainability Benchmark) the Company has been awarded four Green Stars out of a maximum of five. This compares to the previous two stars awarded in 2019.

The portfolio's GRESB score of 79/100 compares very favourably against the 68/100 average score for the Western Europe Industrial Distribution Warehouse peer group which contains nineteen funds.

This latest scoring reflects the progress made to date with regards to environmental, social and governance ("ESG") factors thanks to solar panel project initiatives, tenant satisfaction surveys, light sustainability audits and 100% data collection across the portfolio linked to Envizi which is used to analyse energy consumption. In addition, all buildings have LED lighting and the Investment Manager continues with plans to further enhance ESG credentials going forward.

The Company also announces that it has recently signed a Letter of Intent for the purchase of a new warehouse in Poland valued at approximately EUR26 million. Subject to various approvals, the Investment Manager will be entering advanced due diligence with an expected closing of the transaction in Q1 2021. This 34,000 sqm warehouse is expected to provide a net initial yield of 5.5%, is well located and will be leased to six tenants with an average WAULT of more than seven years.

Evert Castelein, Fund Manager to ASLI commented:

"I am very pleased that the company is now able to announce the expected acquisition of what will be our third property in Poland. This brand-new warehouse, located in central Poland, is strategically located close to a container terminal with easy access to Western Europe. This will be a good addition to ASLI's portfolio using available cash and the Company's recently signed credit facility in advance of the placing of longer term debt.

In addition to this, I am happy to note the latest GRESB scoring for ASLI's portfolio which underscores our desire to put ESG at the heart of everything that we do.

The logistics sector continues to grow with the increasing demand from market participants for newer, quality warehousing driven by their demand for increased space both for the re-shoring of operations and to address the rise in e-commerce demands."

For further information please contact:

   Aberdeen Asset Management PLC                [phone] 

Luke Mason

Gary Jones

   Investec Bank plc                                            [phone] 

Dominic Waters

Neil Brierley

Will Barnett

Alice Douglas

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December 08, 2020 02:00 ET (07:00 GMT)