Urban Logistics REIT
TypePublic limited company
LSE: SHED
IndustryProperty
Founded2016 (2016)
HeadquartersLondon, United Kingdom
Key people
  • Nigel Rich (chairman)
  • Richard Moffitt ( CEO)
RevenueIncrease £37.8 million (2022)[1]
Increase £176.4 million (2022)[1]
Increase £171.8 million (2022)[1]
Websitewww.urbanlogisticsreit.com

Urban Logistics REIT is a property company which invests in warehouses. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

The company was launched on the Alternative Investment Market as Pacific Industrial & Logistics REIT plc in April 2016.[2] It changed its name to Urban Logistics REIT in March 2018.[3] It acquired a portfolio of seven warehouses from Legal & General Investment Management in April 2020,[4] and raised an additional £250 million in capital and transferred to the main market as in December 2021.[5]

Operations

The company specialises in warehouses. Its portfolio was valued at £1.0 billion as at 31 March 2022.[1]

References

  1. 1 2 3 4 "Annual Report 2022" (PDF). Urban Logistics REIT. Retrieved 18 February 2023.
  2. ↑ "Pacific Industrial & Logistics' Turner talks AIM listing and investor returns". Proactive Investors. 21 April 2016. Retrieved 3 March 2022.
  3. ↑ "Proposed £50 million placing to fund acquisitions". Financial Times. 19 March 2018. Retrieved 3 March 2022.
  4. ↑ "Urban Logistics REIT acquires £47m Crown Portfolio from LGIM". IPE Real Assets. 30 April 2020. Retrieved 18 June 2022.
  5. ↑ "Urban Logistics buys four more warehouses for £29m". ITT Hub. 3 January 2022. Retrieved 3 March 2022.
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