Urban Logistics REIT
{{Infobox company
| name = Urban Logistics REIT
| logo = Urban_Logistics_REIT_Logo.svg
| type = Public limited company
| industry = Property investment
| traded_as = {{lse|SHED}}
| foundation = {{start date and age|df=yes|2016}}
| location_city = London
| location_country = United Kingdom
| key_people = {{ubl|Nigel Rich (chairman) |Richard Moffitt ( CEO) }}
| products =
| revenue = {{increase}} £60.0 million (2024){{cite web|url=https://www.urbanlogisticsreit.com/media/1a5bvcp0/web_v2_ul_ar24_cl.pdf|title=Annual Report 2024|publisher=Urban Logistics REIT|access-date=10 February 2025}}
| operating_income = {{increase}} £41.5 million (2024)
| net_income = {{increase}} £24.7 million (2024)
| num_employees =
| num_employees_year =
| homepage = {{URL|https://www.urbanlogisticsreit.com/}}
}}
Urban Logistics REIT is a British property investment company which invests in warehouses. The company is structured as a real estate investment trust (REIT). 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.{{cite news|url=https://www.proactiveinvestors.co.uk/companies/news/304921/pacific-industrial-logistics-turner-talks-aim-listing-and-investor-returns-4921.html |title= Pacific Industrial & Logistics' Turner talks AIM listing and investor returns|date=21 April 2016|newspaper=Proactive Investors|access-date=3 March 2022}} It changed its name to Urban Logistics REIT in March 2018.{{cite news|url= https://markets.ft.com/data/announce/full?dockey=1323-13571083-5IC6JM3EJ4QSQT4LJDE5CCO34J |title= Proposed £50 million placing to fund acquisitions|newspaper=Financial Times|date=19 March 2018| access-date=3 March 2022}} It acquired a portfolio of seven warehouses from Legal & General Investment Management in April 2020,{{cite web|url=https://realassets.ipe.com/news/urban-logistics-reit-acquires-47m-crown-portfolio-from-lgim/10045251.article|title=Urban Logistics REIT acquires £47m Crown Portfolio from LGIM|date=30 April 2020|newspaper=IPE Real Assets|access-date=18 June 2022}} and raised an additional £250 million in capital and transferred to the main market as in December 2021.{{cite news|url= https://itthub.net/the-bigger-picture/warehouse/urban-logistics-buys-four-more-warehouses-for-29m/ |title= Urban Logistics buys four more warehouses for £29m|newspaper=ITT Hub|date=3 January 2022| access-date=3 March 2022}}
Operations
References
{{reflist}}
External links
- [https://www.urbanlogisticsreit.com/ Official site]
{{FTSE 250 Index constituents}}
Category:British companies established in 2016