Urban Logistics REIT

Last updated
Urban Logistics REIT
Company type Public limited company
LSE:  SHED
Industry Property investment
Founded2016;9 years ago (2016)
Headquarters
London
,
United Kingdom
Key people
  • Nigel Rich (chairman)
  • Richard Moffitt ( CEO)
RevenueIncrease2.svg £60.0 million (2024) [1]
Increase2.svg £41.5 million (2024) [1]
Increase2.svg £24.7 million (2024) [1]
Website 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.

Contents

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 £1.1 billion as at 31 March 2024. [1]

References

  1. 1 2 3 4 "Annual Report 2024" (PDF). Urban Logistics REIT. Retrieved 10 February 2025.
  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.
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