abrdn Property Income in 'advanced discussions' to sell majority of property portfolio

GoldenTree Asset Management

abrdn Property Income trust (API) has revealed it is in “advanced discussions” with funds managed by GoldenTree Asset Management to sell the entire share capital of abrdn Property Holdings (APH).

APH is a wholly-owned subsidiary of abrdn Property Income. In a stock exchange notice on Wednesday (25 September), the trust said the sale would involve the disposal of API's "entire investment portfolio, with the exception of its interest in the land at Far Ralia". API eyes on single transaction to offload majority of its assets amid managed wind-down However, API noted "there can be no certainty that any binding sale agreement will be entered into, nor as to the terms on which any transaction may occur", as it has not received any offer for its issued share capital. The abrdn ...