Last checked at 
18 Jun 2021 17:18
Urban Logistics REIT plc
("Urban Logistics" or the "Company")
Change of AIFM
Urban Logistics (AIM: SHED), the specialist UK logistics REIT, announces that, as part of an internal reorganisation of the Pacific Investments group, Pacific Capital Partners Limited ("PCP") has novated its appointment as the Company's alternative investment fund manager to PCP2 Limited ("PCP2"), another wholly owned subsidiary in the Pacific Investments group.
The change of AIFM is now effective, pursuant to which PCP's appointment under the existing investment management agreement between the Company and PCP (the "IMA") has been novated to PCP2. There has been no other change to the terms of the IMA and the Pacific Investments group has confirmed to the Company that there will be no changes to the team currently providing services to the Company and that service levels will be uninterrupted by the internal reorganisation.
PCP2 is authorised and regulated by the Financial Conduct Authority. Its registered office is at 124 Sloane Street, London, SW1X 9BW.
The independent directors, Nigel Rich, Jonathan Gray, Bruce Anderson and Heather Hancock consider, having consulted with the Company's Nominated Adviser, that the novation of the IMA is fair and reasonable and in the best interests of shareholders.
- Ends -
For further information contact:
Urban Logistics REIT plc Richard Moffitt
| +44 (0)20 7591 1600 |
Buchanan Helen Tarbet Henry Wilson George Beale
| +44 (0)20 7466 5000 +44 (0) 7872 604453 +44 (0) 7788 528143 +44 (0) 7450 295099 |
N+1 Singer - Nominated Adviser and Broker James Maxwell / Alaina Wong (Corporate Finance) Alan Geeves / James Waterlow / Sam Greatrex (Sales)
| +44 (0)20 7496 3000 |
Panmure Gordon (UK) Limited - Joint Broker Chloe Ponsonby (Corporate Broking) Emma Earl (Corporate Finance)
| +44 (0)20 7886 2500 |
About Urban Logistics REIT
Urban Logistics REIT plc is a property investment company, quoted on the AIM market of the London Stock Exchange, (AIM: SHED).
The Company has been established to invest in UK-based logistics properties with the objective of generating attractive dividends and capital returns for its shareholders. Its investment strategy focuses on strategically located smaller single let logistics assets servicing high-quality tenants. Investment returns will be generated by an experienced management team focusing on quality stock selection and active asset management.
A number of structural and commercial factors currently support the attractive opportunity in the last mile/regional industrial and logistics real estate sub-sectors targeted by the Company, including: strong occupier demand, (driven by the growth of e-commerce and investment by retailers in their associated supply chain) and ready to occupy supply in the UK being amongst its lowest levels.