Abrdn European Logistics Income sells over £57m of properties in its managed wind-down and promises a return of capital next month once further disposals are made. Plus news from Schroder European Real Estate, Custodian Property Income, Georgia Capital and a reminder from Schroders Capital Global Innovation of this month’s £37m tender offer.

• Abrdn European Logistics Income (ASLI) has sold two multi-let warehouses in Germany for €66.5m (£57.4m), 10% more than they were valued at in the first quarter. As part of its managed wind-down, ASLI is in advanced discussions about selling 15 more assets and hopes to make a second return of capital to shareholders in mid-August. This will leave seven final assets whose sales should complete from the fourth quarter of this year. In early trading the shares rose 3.4%, or 2.1p, to 64.1p.
• Schroder European Real Estate (SERE) says its portfolio was independently valued at €193.9m at 30 June with total values “resilient” with “robust” industrial portfolio valuations and an uplift in Berlin offsetting declines in other sectors, which were primarily driven by shortening lease terms. The uplift in the Berlin DIY asset by €1m, or 3.8%, followed the successful completion of a new 12-year lease extension with its sole tenant, Hornbach, the second largest tenant in the portfolio by income.
• Custodian Property Income REIT (CREI) has sold a vacant retail property in Guildford for £1.625m, 8% above its 31 March valuation. Richard Shepherd-Cross, manager of the £378m real estate fund specialising in smaller lots, said: “Having initially considered refurbishing and reletting the asset, strong demand for the site from residential developers became apparent during the initial marketing period and disposing ahead of valuation to fund improvements to the remaining portfolio was considered more accretive to shareholders.” The 7.4%-yielding shares stand on an 18% discount to net asset value.
• Schroders Capital Global Innovation (INOV) reminds shareholders they have until 1pm on 23 July at the very latest to apply to sell shares in the £37m tender offer announced last month. The indicative price at which shares will be bought back is 21.12p based on an estimated net asset value of 21.36p at 31 May 2025. For more information read our guide to the tender offer, INOV’s first payout in its managed wind-down.
• Georgia Capital (CGEO) says that AM Best has upgraded the credit rating of Aldagi, the holding company of its property and casualty insurance business, to BBB- (stable) from BB+ (positive), the first time a Georgian insurance company has been awarded an international investment-grade credit rating.