Aberdeen Standard European Logistics sees strong demand – in its interim results statement published this morning, Aberdeen Standard European Logistic’s manager, Evert Castelein, says “The key drivers behind the demand for logistics space in Europe, such as e-commerce, remain strong. We have been able to build a high quality, well-diversified property portfolio with eleven investments in five countries and twenty eight strong covenant tenants. We have invested in the most liquid part of the logistics market with an average investment price close to EUR27.0 million and an average building size of 28,000 square metres. This is an active part of the logistics market giving us plenty of options in terms of potential businesses from a wide range of sectors to lease to.”
Over the six months ended 30 June 2019, the NAV returned 2.2%, standing at 108.6 cents (97.1p) at the end of the period. The share price slipped from 102.25p to 99.8p as the premium to asset value reduced slightly. The company raised a further £46.4m in July 2019. This money is being used to buy two new warehouses in Netherlands and Poland. Two dividends of 1.41 cents have been declared for the first half of the year.
ASLI : Aberdeen Standard European Logistics sees strong demand
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