Aberdeen Standard Investments targets £250m for new European logistics income trust

Take advantage of e-commerce growth

Aberdeen Standard Investments is set to launch the European Logistics Income investment trust in December, which aims to capitalise on the rapid growth of e-commerce across Europe by investing in related logistic properties such as warehouses and distribution centres.

It will be the first trust launched by Aberdeen Standard Investments as a combined entity, following the merger of Aberdeen Asset Management and Standard Life, which completed in August. The group is targeting £250m for the initial fund raise, with proceeds expected to be fully invested within 12 months. A "modest" amount of leverage will be used, taking advantage of the competitive cost of finance in Europe, the group said. Whilst the company will invest directly in property, it will qualify as a closed-ended investment trust listed on the London Stock Exchange, therefore offering...