Gowling WLG's top ranked investment funds team acted on the launch of Aberdeen Standard European Logistics Income PLC ("Aberdeen Standard Logistics").

Aberdeen Standard Logistics 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.

The assets of Aberdeen Standard Logistics will be managed by Aberdeen Asset Managers Limited, part of Aberdeen Standard Investments, which is Europe's second largest real estate investor.

Aberdeen Standard Logistics, which raised £187.5 million, is a new investment trust whose shares will be admitted to the Premium Listing Segment of the Official List and to trading on the London Stock Exchange's Main Market for listed securities. It is anticipated that admission will occur on 15 December 2017.

The Gowling WLG team was led by investment funds partners Nick Heather and John Reed, who were assisted by tax partner Michael Murphy, associate Laura Dobie and trainee solicitor Kat McGriskin.

Nick Heather commented, "We are very pleased to have been instructed on the first listed closed ended fund to be launched under the "Aberdeen Standard Investments" banner. It has been well received and supported against a difficult market back-drop for the launch of listed real estate funds towards the back end of 2017."

Gowling WLG's leading investment funds team (Tier 1 Legal 500) has a strong reputation for closed ended listed funds, advising issuers, investment management houses and the investment banks and brokers that advise them. It brings together experts in tax, corporate, finance, regulatory and dispute resolution to provide a full legal service to its clients.