Urban Logistics Share News (SHED)
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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.
Find out MoreFri, 24th May 2019 09:35
(Alliance News) - Urban Logistics REIT PLC on Wednesday reported that it saw continued progress in the fourth quarter of its financial year, which it said was marked by significant like-for-like rental increases and a number of new lettings.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:
Read more(Sharecast News) - Urban Logistics REIT struck a confident tone on Wednesday, after rents rose by nearly a quarter in the last three months of the year.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:
Read more(Sharecast News) - London's stock markets closed positively on Wednesday, as investors processed a higher-than-anticipated inflation report from the US, while Tesco paced the gains following favourable results.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
Read more(Alliance News) - Abrdn Property Income Trust Ltd on Thursday provided an update on the proposed all-share merger with Custodian Property Income REIT PLC.
Read more(Alliance News) - Custodian Property Income REIT PLC on Wednesday said that it believed the proposed merger with abrdn Property Income Trust Ltd had a "compelling strategic and financial rationale", as the pair agreed to extend the merger commitment date to Friday.
Custodian and abrdn are real estate investment trusts with a portfolio of properties in the UK.
In January, the pair agreed terms for an all-share merger, which would create a real estate investment trust with combined assets totalling GBP1.0 billion.
Per the agreement, abrdn Property Income shareholders will receive 0.78 new Custodian shares for each share in the company.
On Tuesday, Custodian reaffirmed its belief that the merger holds a "compelling strategic and financial rationale".
The company said that it would be waiving its one-off project fee in connection with the merger, which amounted to GBP350,000.
Custodian also announced a reduction in the management fees payable to its investment manager, Custodian Capital Ltd, for a period of two years following the merger's completion. This fee will now calculated as 0.75% of the combined group's net asset value less than or equal to GBP500 million, changed from 0.9% in respect of NAV up to GBP200 million and 0.75% up to GBP500 million.
Custodian said that thesee amendments "reinforce the financial rationale of the recommended merger and represents further alignment between CREI, Custodian Capital and the shareholders of the combined group".
Custodian urged abrdn shareholders to not take action regarding the separate offer by Urban Logistics REIT PLC for abrdn. In February, Urban Logistics offered abrdn shareholders 0.47 of its shares for each share in the company. Shares in Urban Logistics are currently flat at 118.00 pence each in London on Wednesday.
In a separate announcement, abrdn said that the deadline for Custodian to make a firm intention to continue with the merger or confirm that it does not want to participate in the scheme has been extended to Friday at 5pm. Both abrdn and Custodian have agreed to these terms.
Shares in Custodian were down 1.3% at 77.00 pence each. Shares in abrdn were down 0.2% at 55.00 pence each, both in London on Wednesday.
By Hugh Cameron, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2024 Alliance News Ltd. All Rights Reserved.
(Alliance News) - Urban Logistics REIT PLC on Friday said it has until March 15 to "clarify its intentions" with abrdn Property Income Trust Ltd.
Read more(Alliance News) - Urban Logistics REIT PLC has made an offer for abrdn Property Income Trust Ltd, both companies confirmed on Tuesday.
Read moreUrban Logistics REIT PLC - UK-focused logistics real estate investment trust - Says demand for space continues to outstrip supply in the "last mile, last touch delivery" sub-sector for essential goods in urban locations. Reports completion of seven lease events since October 1, which "are evidence of significant asset management opportunities available to the company". Says new leases generated around GBP500,000 in additional rental income with passing rent increasing by 31% for over 400,000 square feet. Another two leases are either in solicitors' hands or under offer, which Urban Logistics expects to "further reduce portfolio vacancy".
Read more(Sharecast News) - Urban Logistics reported a continued surge in demand for space in an update on Wednesday, within its niche sub-sector of last-mile, last-touch delivery of essential goods in urban areas.
Read more| Monday 11 December | |
| Asian Energy Impact Trust PLC | dividend payment date |
| YouGov PLC | dividend payment date |
| Tuesday 12 December | |
| Brunner Investment Trust PLC | dividend payment date |
| Pan African Resources PLC | dividend payment date |
| Wednesday 13 December | |
| no events scheduled | |
| Thursday 14 December | |
| Associated British Foods PLC | special ex-dividend payment date |
| Associated British Foods PLC | ex-dividend payment date |
| Baltic Classifieds Group PLC | ex-dividend payment date |
| Barings Emerging EMEA Opportunities PLC | ex-dividend payment date |
| BlackRock Energy & Resources Income Trust PLC | ex-dividend payment date |
| Burberry Group PLC | ex-dividend payment date |
| Caffyns PLC | ex-dividend payment date |
| Chelverton UK Dividend Trust PLC | ex-dividend payment date |
| Cranswick PLC | ex-dividend payment date |
| Crystal Amber Fund Ltd | ex-dividend payment date |
| discoverIE Group PLC | ex-dividend payment date |
| DS Smith PLC | ex-dividend payment date |
| Ferguson PLC | ex-dividend payment date |
| Fuller, Smith & Turner PLC | ex-dividend payment date |
| Halfords Group PLC | ex-dividend payment date |
| ICG-Longbow Senior Secured UK Property Debt Investments Ltd | ex-dividend payment date |
| Impellam Group PLC | ex-dividend payment date |
| JPMorgan Global Emerging Markets Income Trust PLC | ex-dividend payment date |
| Mitie Group PLC | ex-dividend payment date |
| Murray Income Trust PLC | ex-dividend payment date |
| Northamber PLC | ex-dividend payment date |
| Personal Assets Trust PLC | ex-dividend payment date |
| Polar Capital Holdings PLC | ex-dividend payment date |
| Redde Northgate PLC | ex-dividend payment date |
| Residential Secure Income PLC | ex-dividend payment date |
| Sirius Real Estate Ltd | ex-dividend payment date |
| Templeton Emerging Markets Investment Trust PLC | ex-dividend payment date |
| Town Centre Securities PLC | ex-dividend payment date |
| TR Property Investment Trust PLC | ex-dividend payment date |
| Triad Group PLC | ex-dividend payment date |
| Tritax EuroBox PLC | ex-dividend payment date |
| Vertu Motors PLC | ex-dividend payment date |
| Friday 15 December | |
| Airtel Africa PLC | dividend payment date |
| Asia Dragon Trust PLC | dividend payment date |
| Craneware PLC | dividend payment date |
| Games Workshop Group PLC | ex-dividend payment date |
| Gattaca PLC | special dividend payment date |
| Gattaca PLC | dividend payment date |
| GCP Asset Backed Income Fund Ltd | dividend payment date |
| Hargreaves Lansdown PLC | dividend payment date |
| Henderson Opportunities Trust PLC | dividend payment date |
| J Sainsbury PLC | dividend payment date |
| James Halstead PLC | dividend payment date |
| Kainos Group PLC | dividend payment date |
| Lancashire Holdings Ltd | special dividend payment date |
| Pershing Square Holdings Ltd | dividend payment date |
| Scottish American Investment Co PLC | dividend payment date |
| Scottish Mortgage Investment Trust PLC | dividend payment date |
| ScS Group PLC | dividend payment date |
| Telecom Plus PLC | dividend payment date |
| Triple Point Social Housing REIT PLC | dividend payment date |
| Urban Logistics REIT PLC | dividend payment date |
| Utilico Emerging Markets Trust PLC | dividend payment date |
| Wincanton PLC | dividend payment date |
| Witan Investment Trust PLC | dividend payment date |
| Copyright 2023 Alliance News Ltd. All Rights Reserved. | |
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:
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