Aberdeen Standard European Long Income acquires Polish asset | New
European open-ended long-income logistics real estate fund Aberdeen Standard Investments purchases assets of EUR 28 million in Poland.
Aberdeen Standard European Logistics Income (ASLI) said it has signed the purchase agreement for the previously announced acquisition of the 31,500 m² fully leased logistics and distribution building in Lodz.
The Panattoni Lodz City VIII logistics center includes 27,888 m² of warehouse space and 3,612 m² of office space. The asset is leased to six tenants.
Evert Castelein, Fund Manager for ASLI, said: “The Lodz Warehouse is a very high quality income generating asset located in the heart of one of the most strategically important manufacturing and logistics hubs in the region. ‘Central and Eastern Europe.
“The asset’s proximity to the nearby Bosch Siemens campus provides a strong long-term attraction for occupants of this supply chain, while the new international rail station and its direct links to China and other markets Europeans offer unparalleled international connections.
Castelein said ASLI is actively pursuing deals in the wider region and, although demand for logistics goods has led to further compression of yields, particularly in key markets, “the overall return outlook for investors in this sector should remain solid, additional capacity operators and the relocation of operations from abroad are accelerating ”.
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