Aberdeen Standard Investments’ listed UK investment trust has fully invested the capital raised during its initial public offering, the company said as it announced the acquisition of two assets in the Netherlands worth €62.25m.
Aberdeen Standard European Logistics Income said it is buying a newly built pre-let warehouse in Zeewolde for €29.25m from developer Borghese. The development commenced in September and is expected to be completed in June next year.
The company has also signed a sale-and-leaseback purchase agreement for the acquisition of an existing cross-dock warehouse in Waddinxveen for €33m.
Late last year, Aberdeen Standard Investments raised £187.5m (€210.5m) of equity by floating its UK investment trust. In January, the company acquired its first asset for €20.1m.
Aberdeen Standard said with the exchange of contracts on Zeewolde and Waddinxveen, the company has now invested or committed to invest, the whole of the net equity proceeds raised at launch in December 2017.