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.
 | |
| Company type | Public limited company |
|---|---|
| LSE: SHED | |
| Industry | Property investment |
| Founded | 2016 |
| Headquarters | , |
Key people |
|
| Revenue |  £55.3 million (2023)[1] |
 £(73.4) million (2023)[1] | |
| £(82.7) million (2023)[1] | |
| Website | www |
History
editThe 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
editThe company specialises in warehouses. Its portfolio was valued at £1.0 billion as at 31 March 2022.[1]
References
edit- ^ a b c d "Annual Report 2023" (PDF). Urban Logistics REIT. Retrieved 13 February 2024.
- ^ "Pacific Industrial & Logistics' Turner talks AIM listing and investor returns". Proactive Investors. 21 April 2016. Retrieved 3 March 2022.
- ^ "Proposed £50 million placing to fund acquisitions". Financial Times. 19 March 2018. Retrieved 3 March 2022.
- ^ "Urban Logistics REIT acquires £47m Crown Portfolio from LGIM". IPE Real Assets. 30 April 2020. Retrieved 18 June 2022.
- ^ "Urban Logistics buys four more warehouses for £29m". ITT Hub. 3 January 2022. Retrieved 3 March 2022.