Aberdeen Standard European Logistics Income Trust has acquired a logistics platform from Davidson Kempner and Palm Capital for €227 million.
The fund will comprise a portfolio of 122,000 sqm: phases I to III consist of seven new-build logistics warehouses, while phase IV shall consist of one logistics warehouse under development.
Amazon is the properties’ main tenant, accounting for 43% of revenues. Leases are inflation-linked, with an average remaining term of 14.8 years.
Garrigues, CBRE, KPMG and Linklaters, advised Davidson Kempner and Palm Capital, while Savills Aguirre Newman, Pérez Llorca and Deloitte advised Aberdeen.
