Urban Logistics REIT

Source: Wikipedia, the free encyclopedia.
Urban Logistics REIT
Company typePublic limited company
LSESHED
IndustryProperty
Founded2016; 8 years ago (2016)
HeadquartersLondon, United Kingdom
Key people
  • Nigel Rich (chairman)
  • Richard Moffitt ( CEO)
RevenueIncrease £55.3 million (2023)[1]
Decrease £(73.4) million (2023)[1]
Decrease £(82.7) million (2023)[1]
Websitewww.urbanlogisticsreit.com

Urban Logistics REIT is a property company which invests in warehouses. 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.[2] It changed its name to Urban Logistics REIT in March 2018.[3] It acquired a portfolio of seven warehouses from Legal & General Investment Management in April 2020,[4] and raised an additional £250 million in capital and transferred to the main market as in December 2021.[5]

Operations

The company specialises in warehouses. Its portfolio was valued at £1.0 billion as at 31 March 2022.[1]

References

  1. ^ a b c d "Annual Report 2023" (PDF). Urban Logistics REIT. Retrieved 13 February 2024.
  2. ^ "Pacific Industrial & Logistics' Turner talks AIM listing and investor returns". Proactive Investors. 21 April 2016. Retrieved 3 March 2022.
  3. ^ "Proposed £50 million placing to fund acquisitions". Financial Times. 19 March 2018. Retrieved 3 March 2022.
  4. ^ "Urban Logistics REIT acquires £47m Crown Portfolio from LGIM". IPE Real Assets. 30 April 2020. Retrieved 18 June 2022.
  5. ^ "Urban Logistics buys four more warehouses for £29m". ITT Hub. 3 January 2022. Retrieved 3 March 2022.

External links