Portfolio Sales Update

abrdn European Logistics Income plc LEI: 213800I9IYIKKNRT3G50

Portfolio Sales Update

31 July 2025 - abrdn European Logistics Income plc (the "Company"), which is invested in a diversified portfolio of European logistics real estate, announces that it has completed the sale of a portfolio of nine assets in Gavilanes, Madrid, as part of its managed wind-down, to a leading long-term investor and developer of logistics properties in Europe.

Sale of Gavilanes warehouse portfolio in Madrid, Spain

The transaction was structured as a corporate disposal, involving the sale of the Spanish subsidiaries that hold the underlying property assets, for a net consideration of approximately €146 million.

The portfolio, which comprises 122,000 square metres of total lettable area across nine assets, was sold on a portfolio basis to ensure an efficient and timely return of capital to shareholders under the wind-down programme. At the time of sale, eight of the nine units were fully let, with Unit 1B, representing approximately 11,260 square metres, remaining vacant. Key tenants in the portfolio include ADER, Amazon, Carrefour, Method, Molecor and Talentum.

As at 31 March 2025, the portfolio was valued at €168.6 million within the Company's net asset value. By executing the disposal through a share sale of the property owning companies, the Company expedited the sales process and did not crystallise the associated latent capital gains tax liability. This liability is not recognised under IFRS and EPRA in the Company's net asset value and would have been incurred if the assets had been sold individually. It is estimated that the after-tax proceeds from a direct asset sale, assuming disposal values in line with the Q1 2025 valuation, would have been broadly comparable to those achieved through the corporate disposal.

Continued sales progress

This transaction significantly progresses the managed wind-down, with 16 of the 27 assets in the Company's portfolio now sold, generating aggregate gross sales proceeds of over €293 million.

Of the 11 remaining assets, one disposal is expected to complete shortly and a further three transactions are anticipated to complete in Q4 2025.

The final seven assets remain at various stages of the sales process, with further completions targeted from Q4 2025 onwards. The Investment Manager continues to assess ongoing asset management initiatives and engage with tenants to identify opportunities where the Company can enhance value in advance of potential disposals.

Debt Financing

As at 31 March 2025, the Company's fixed rate debt facilities totalled €218 million, with an average all-in interest rate of 1.93%. Following the conclusion of the previously announced sales in July and this portfolio sale the Company's outstanding fixed rate debt has reduced to €99.5 million with an all-in interest rate of 1.4%.

Further Capital Distribution

On the 16 July 2025, following asset disposals in Germany and the Netherlands, the Board announced details of a return of approximately £49.5 million to shareholders, payable on 13 August 2025, equivalent to 12.0 pence per Ordinary Share, by way of a further issue and redemption of B Shares on 31 July.

Following the completion of the Gavilanes portfolio sale and the anticipated completion of a further disposal in the near term, the Company intends to make an additional capital distribution in September 2025, also by way of B Shares. This distribution will reflect the net proceeds from the two aforementioned transactions. Further details will be provided once the next anticipated disposal has completed.

Details of the Company and its property portfolio may be found on the Company's website at: http://www.eurologisticsincome.co.uk

For further information please contact:

Aberdeen +44 (0) 20 7156 2382

Ben Heatley

Investec Bank plc +44 (0) 20 7597 4000

David Yovichic

Denis Flanagan

FTI Consulting +44 (0) 20 3727 1000

Dido Laurimore

Richard Gotla

Oliver Parsons