The abrdn European Logistics Income trust has selected a new lead fund manager, following the resignation of Evert Castelein.
Troels Andersen, who joined abrdn in April 2011 and is based in Copenhagen, Denmark, will take over his role with immediate effect.
Castelein said he would remain at abrdn until the end of the year, ensuring a handover of his duties.
Said Tony Roper, chairman of abrdn European Logistics Income: 'Evert has been with us since our IPO in December 2017 and has been a valued member of the wider abrdn European Real Estate team. The board thanks him for his determined contribution and we wish him the very best in his future career.'
Since 2019, Troels has been fund manager of abrdn’s multi-sector European Long Income real estate fund, having overseen its launch. The fund has a gross asset value of €150 mln.
Prior to this Troels was fund manager of abrdn’s €500 mln gross asset value Aberdeen Property Nordic I Fund, together with a further segregated value-add mandate. He was previously a member of abrdn´s Nordic and European Investment Committees, which approve all major decisions for investments in the region.
Troels brings 25 years of real estate investment experience, including logistics asset transactions, together with knowledge of debt facility management, having spent the first part of his career working for German banks in both Germany and the UK.
Troels will be supported at abrdn European Logistics Inocme by existing team members Geoff Hepburn, Attila Molnar and Ross Hutchison, providing continuity in the management of the portfolio.
Added Roper: 'The board looks forward to working with Troels and we remain confident in the outlook for the Company which is focused on the long-term European logistics growth story.'
