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Pin to quick picksUrban Logistics Share News (SHED)

Share Price Information for Urban Logistics (SHED)

London Stock Exchange
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Share Price: 120.80
Bid: 120.40
Ask: 121.00
Change: 0.60 (0.50%)
Spread: 0.60 (0.498%)
Open: 120.80
High: 122.20
Low: 119.40
Prev. Close: 120.20
SHED Live PriceLast checked at -
Urban Logistics REIT is an Investment Trust

To invest in a diversified portfolio of well-located, fit-for-purpose last mile or regional logistics facilities in the UK and engage in active asset management to leverage and enhance returns.

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Urban Logistics acquires six logistics assets for ?27.8m

Fri, 19th Feb 2021 09:04

(Sharecast News) - Real estate investment trust Urban Logistics has acquired six logistics assets for a total consideration of £27.8m.

Urban Logistics said on Friday that it had acquired a portfolio of four logistics assets, spread across Macclesfield, Telford, Royal Wootton Bassett and Yate, from Kinaxia Logistics for £17.3m at a 6.24% net initial yield

Totalling 167,350 square feet of warehousing, the average rent across the sites comes to £5.24 per square foot.

Elsewhere, the AIM-listed group acquired an 80,209 square foot distribution unit for £6.7m as part of a sale and leaseback transaction with XPO and also purchased a "well-specified" 124,966 square foot distribution unit from Goodman, currently let to Green Forest Solutions for a term of five years, for £3.8m at a net initial yield of 10.8%.

Chief executive Richard Moffitt said: "We are delighted with these new logistics assets which are perfectly positioned to deliver essential goods the "last mile" to customers and businesses in key conurbations.

"In line with our strategic focus, all of these assets are single-let properties servicing high-quality logistics tenants."

As of 0900 GMT, Urban Logistics shares had inched ahead 0.34% at 148.0p.
More News
17 May 2019 11:07

Urban Logistics REIT Sells Site In Bedford For Over GBP9 Million

LONDON (Alliance News) - Urban Logistics REIT PLC on Friday said it has sold a site located on Postley Road, Bedfordshire, for GBP9.2 million.The investment trust said the 85,012 square was

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17 May 2019 10:30

Urban Logistics disposes of Bedfordshire site for ?9.2m

(Sharecast News) - Real estate investment trust Urban Logistics has sold a site located on Postley Road, Bedford, for £9.2m, realising a total property return of 74% in the process.

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5 Apr 2019 14:47

Urban Logistics sells site in Nuneaton, buys one in Thatcham

(Sharecast News) - Specialist industrial and logistics real estate investment trust Urban Logistics has sold a site in Nuneaton for £8.1m, it announced on Friday.

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5 Apr 2019 10:37

Urban Logistics REIT Sells Site And Buys Logistics Property

LONDON (Alliance News) - Urban Logistics REIT PLC on Friday said it sold one site and acquired a further logistics property.The real estate investment trust sold a site located in Nuneaton,

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12 Mar 2019 15:03

Urban Logistics REIT Extends Warrant Instrument Deadline To April 13 (ALLISS)

LONDON (Alliance News) - Urban Logistics REIT PLC said it has extended a warrants instrument for shares in the company to April 13 instead of Tuesday.The warrants are for the subscription

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25 Feb 2019 14:33

Urban Logistics REIT To Acquire And Forward Fund Two Logistics Assets

LONDON (Alliance News) - Urban Logistics REIT PLC said on Monday it has agreed to acquire and forward fund two logistics assets in Staffordshire and Leicestershire for a gross development value of

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6 Dec 2018 12:59

Urban Logistics Completes Purchase Of Warehouse Space In Bedford

LONDON (Alliance News) - Urban Logistics REIT PLC on Thursday said it completed the acquisition of the freehold site, located at Hudson Road, Bedford, for GBP17.0 million from 3M Products and real

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18 Oct 2018 14:54

Urban Logistics pleased with first half leasing progress

(Sharecast News) - Specialist UK logistics real estate investment trust Urban Logistics updated the market on its trading on Thursday, following the close of its interim financial reporting period to 30 September, claiming a like-for-like increase of 6.6% in its portfolio valuation since 31 March, to £173.8m.

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18 Oct 2018 13:02

Urban Logistics Exceeds Expectations In Strong Logistics Market

LONDON (Alliance News) - Urban Logistics REIT PLC said it exceeded expectations in a first half that saw its portfolio valuation increase on six new acquisitions.The real estate investment

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10 Sep 2018 12:02

Investment Firm Urban Logistics Buys 2nd Portfolio From LondonMetric

LONDON (Alliance News) - Urban Logistics REIT PLC confirmed Monday that it completed the acquisition of a second portfolio from property firm LondonMetric Property PLC on Friday.This is of

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10 Sep 2018 11:15

Urban Logistics gives more details on portfolio acquisition from LondonMetric

(Sharecast News) - Urban Logistics completed the second of two portfolio acquisitions totalling £36m from LondonMetric on Friday, it confirmed on Monday morning.

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24 May 2018 16:18

Urban Logistics Lifts Dividend As Income And Profit More Than Double

LONDON (Alliance News) - Urban Logistics REIT PLC, which recently changed its name from Pacific Industrial & Logistics REIT PLC, said on Thursday that it recorded an annual rise in net asset a

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