Aberdeen Standard Investments has raised £187.5m in the initial public offering (IPO) for its European Logistics Income trust, but failed to reach its £250m target.
The company was admitted to the premium segment of the Official List of the UKLA and has the ability to do dealings on the London Stock Exchange. Its first day of trading will be 15 December. The trust, run by a team headed by real estate market veteran Evert Castelein, will tap into the rapid growth of e-commerce across Europe by investing in European logistic properties such as large 'big box' ultra-modern warehouses and local 'last mile' distribution centres. It will draw on the expertise of over 280 investment professionals within Aberdeen Standard Investments. Castelein, based ...
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