Aberdeen Standard Eur Lgstc Inc PLC GRESB 2020 Survey Results & Polish asset agreement (8417H)
December 08 2020 - 1:00AM
UK Regulatory
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 +44 (0) 20 7463 6000
Luke Mason
Gary Jones
Investec Bank plc +44 (0) 20 7597 4000
Dominic Waters
Neil Brierley
Will Barnett
Alice Douglas
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