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 was listed on the London Stock Exchange until it was acquired by LondonMetric Property in June 2025.

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]

In April 2025, it was confirmed that LondonMetric Property would buy the company in a deal worth £674 million. [6] [7] The takeover was approved by the court in June 2025, so allowing the deal to be completed. [8]

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.
  6. ↑ "LondonMetric tables £674m bid for Urban Logistics REIT". Portfolio Adviser. 15 April 2025. Retrieved 20 June 2025.
  7. ↑ "Urban Logistics snapped up by LondonMetric as M&A boom continues". Shares Magazine. 9 May 2025. Retrieved 20 June 2025.
  8. ↑ "LondonMetric's takeover of Urban Logistics receives court sanction". Morning Star. 20 June 2025. Retrieved 20 June 2025.
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