Aberdeen Standard European Logistics recognised for environmental improvements – Aberdeen Standard European Logistics has been awarded four Green Stars out of a maximum of five in the recently released survey of GRESB (Global Real Estate Sustainability Benchmark).
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.
New investment
The company has also announced that it has recently signed a letter of Intent for the purchase of a new warehouse in Poland valued at approximately €26 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.
ASLI : Aberdeen Standard European Logistics recognised for environmental improvements