Aberdeen Standard secures former US air base for logistics fund

ASI Erlensee

Aberdeen Standard European Logistics Income has exchanged on its second deal since IPO with the €33m (£29m) acquisition of a two multi-let logistic buildings at a redeveloped US air base in Germany.

Having raised £187.5m ahead of admission to the main market of the London Stock Exchange last December, Aberdeen Standard has begun investments for its new logistics strategy. Its second acquisition, from regional developer Ferdinand Fäth, is within a modern logistics hub located in Erlensee Langendiebach near Frankfurt.

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