Tag: Urban Logistics
LondonMetric completes Urban Logistics acquisition
LondonMetric Property plc has completed its recommended cash and share acquisition of Urban Logistics REIT plc, following the Court’s approval of the scheme of...
LondonMetric to acquire Urban Logistics in £699m deal
LondonMetric Property PLC has agreed to acquire Urban Logistics REIT PLC in a recommended cash and share transaction valuing Urban Logistics at approximately £698.9...
Urban Logistics receives £674m proposal from LondonMetric
Urban Logistics REIT plc has confirmed it has received a revised proposal from LondonMetric Property plc regarding a possible acquisition of the entire issued...
LondonMetric tables preliminary offer for Urban Logistics REIT
Urban Logistics REIT plc has confirmed that it has received a preliminary proposal from LondonMetric Property plc regarding a potential takeover bid, following recent...
Urban Logistics REIT to internalise management
Urban Logistics REIT has announced a proposed internalisation of its management structure, a move intended to reduce operating costs and better align management interests...
Urban Logistics grows rental income with new leases
London-listed REIT Urban Logistics has completed new lease agreements across five units, covering a total of 301,000 square feet.
These agreements have generated an...
Urban Logistics launches £7.5m share buyback programme
London-listed Urban Logistics REIT has announced its intention to commence a discretionary share buyback programme with a maximum aggregate consideration of up to £7.5...
Urban Logistics REIT completes £190m debt refinancing
London listed REIT Urban Logistics has refinanced the company's existing secured bank facility, which comprised a £100 million term loan and £51 million revolving...
Cherine Aboulzelof joins Urban Logistics as non-executive director
London listed REIT Urban Logistics has appointed Cherine Aboulzelof as an Independent Non-Executive Director, effective from 1 July 2024.
Cherine Aboulzelof will be a memeber...
Urban Logistics secures £57m sustainable transition loan from Aviva Investors
Aviva Investors has provided an additional £57 million in sustainable transition financing to Urban Logistics REIT.
The new loan, a nine-year facility, is secured against...
Urban Logistics pays £48m for five assets
Urban Logistics, the last mile logistics focused REIT, has bought five assets for a total consideration of £48 million at a net initial yield...
Urban Logistics adds £90m of assets to portfolio
Urban Logistics, the last mile logistics focused REIT, has acquired five assets for £90 million, reflecting a 4.5% net initial yield (NIY).
The REIT acquired;
-Brent Road, Southall,...
