LONDON: The Board of Aberdeen Standard European Logistics Income PLC notes the announcement made by the Company’s investment manager, Aberdeen Standard Investments, in relation to the planned acquisition of a 60 percent ownership interest in Tritax Management LLP.
Tritax Management is a specialist logistics real estate fund manager with £5.1 billion assets under management throughout the UK and Europe. Among its mandates, Tritax manages two listed industrial logistics funds, Tritax Big Box REIT plc and Tritax EuroBox plc.
The transaction is part of the Investment Manager’s increased focus on logistics as a critical area of the real estate market and is expected to close in early 2021, subject to the receipt of regulatory approvals and satisfaction of customary closing conditions.
Tony Roper, Chairman of the Company, commented: “The Board view the Investment Manager’s acquisition of Tritax as a positive development in further enhancing their already deep logistics real estate expertise. Over the coming months, the Board will assess the expected impact of this acquisition on the Company’s investment management arrangements and will provide a further update to shareholders in Q1 2021”.
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