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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: 117.20
Bid: 117.20
Ask: 117.60
Change: -1.00 (-0.85%)
Spread: 0.40 (0.341%)
Open: 118.20
High: 118.40
Low: 117.20
Prev. Close: 118.20
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 REIT notes "significant" new lettings in final quarter

Tue, 09th May 2023 09:54

(Alliance News) - Urban Logistics REIT PLC on Tuesday said it has completed some "significant" new lettings in the three months ended March 31, as it announced the appointment of its new chief investment officer.

The logistics-focused property company signed 15 new lettings and regears in the period, covering 490,188 square feet of space and generating GBP1.6 million of additional rental income.

Urban Logistics said it agreed four further deals after the end of the quarter, generating GBP800,000 in new rent.

Chief Executive Richard Moffitt said: "Our active asset management strategy is key to delivering value throughout the property cycle and this quarter has been no different with the completion of some significant new lettings to tenants who deliver essential goods across the UK and are therefore less vulnerable to fluctuations in economic conditions.

"We're particularly pleased to see our recently completed developments at Rochdale and Nottingham now fully let, and generating a very attractive yield on cost, as well as our continuing EPC improvements, in line with our ESG targets."

Urban Logistics also announced the appointment of Justin Upton as its chief investment officer. The company noted that Upton has previously managed a GBP2.2 billion M&G PLC property portfolio.

Shares in Urban Logistics were down 2.9% at 135.97 pence on Tuesday morning in London.

The company will report its results for the year ended March 31 on June 22.

By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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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

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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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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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