Responding to press speculation in an RNS, the firm confirmed it was in talks with GoldenTree Asset Management for the sale of the assets.
These relate to the share capital of abrdn Property Holdings Limited, a wholly-owned subsidiary of the abrdn Property Income Trust.
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As of June 2024, the trust’s property portfolio was valued at £405m. At that point, nearly half this portfolio (47%) was invested in industrial assets throughout the UK outside of London and the South East.
The asset manager confirmed any sale would involve the trust’s entire property portfolio, with the exception of its interest in the land at Far Ralia.
The RNS stressed there was no certainty of a sale at this point.
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