- Aberdeen Standard European Logistics Income said Friday it had completed the purchase of the logistics warehouse located in Meung-sur-Loire, France, for 23.5m

The transaction would provide a net initial yield of 4.7% and followed the conditional contracts on 23 November 2018, the company said.

This warehouse was let to Office Depot France, an office supplier, on a fully indexed lease until 2026 resulting in an unexpired lease term of 7.4 years.

The company also announced it had finalised and signed an agreement for long term financing on the properties owned in Avignon and Meung-sur-Loire, France. This secured loan facility arranged with BayernLB for a total value of €33m had been fixed for a seven year term at an 'attractive all-in interest rate,' the company said.

'The loan arrangement with BayernLB will help the company in its aim to provide shareholders with a regular and attractive level of income return together with the potential for long term income and capital growth,' said Evert Castelein, Aberdeen Standard European Logistics Income Fund Manager.

At 9:47am: [LON:ASLI] Aberdeen Standard European Logistics Income Plc Ord 1p share price was +0.5p at 101p

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