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Share Name Share Symbol Market Type Share ISIN Share Description
Urban Lo LSE:SHED London Ordinary Share GB00BYV8MN78 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 118.00p 116.00p 120.00p 118.00p 118.00p 118.00p 65,883 07:35:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 5.6 9.9 19.5 6.0 103.47

Urban Logistics REIT PLC Leasing announcement

11/12/2018 7:01am

UK Regulatory (RNS & others)


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RNS Number : 0407K

Urban Logistics REIT PLC

11 December 2018

Urban Logistics REIT plc

("Urban Logistics" or the "Company")

Leasing announcement

Urban Logistics, the specialist UK industrial and logistics REIT, is pleased to announce that it has successfully leased a 183,883 sq ft warehouse located at Hudson Road, Bedford. The property was acquired vacant on 5 December 2018 and has been leased to Into the Light Enterprises Limited, a provider of storage facilities. The new lease is for 15-years with a rent of GBP6.00 sq ft with an upward-only rent review every 5 years.

Commenting on the leasing, Richard Moffitt, Chief Executive, said:

"I am extremely pleased with the leasing of this well-located, institutional-grade logistics property such that there was a minimal gap in rental income following acquisition. This underpins the Company's income generation capability and also demonstrates our focused approach to asset management, ensuring a diverse tenant base across our portfolio."

- Ends -

For further information contact:

 
 Urban Logistics REIT plc 
  Richard Moffitt                                +44 (0)20 7591 1600 
 Montfort - Financial PR and IR adviser 
  Olly Scott                                       +44 (0)78 1234 5205 
  Honoria Simpson                                  +44 (0)20 3965 6960 
 N+1 Singer - Nominated Adviser and Broker 
  James Maxwell / James Moat (Corporate 
  Finance) 
  Alan Geeves / James Waterlow / Sam Greatrex 
  (Sales)                                        +44 (0)20 7496 3000 
 

About Urban Logistics REIT

Urban Logistics REIT plc is a property investment company, quoted on the AIM market of the London Stock Exchange, (AIM: SHED).

The Company has been established to invest in UK-based industrial and logistics properties with the objective of generating attractive dividends and capital returns for its shareholders. Its investment strategy focuses on strategically located smaller single let industrial and logistics properties servicing high-quality tenants. Investment returns will be generated by an experienced management team focusing on quality stock selection and active asset management.

A number of structural and commercial factors currently support the attractive opportunity in the last mile/regional industrial and logistics real estate sub-sectors targeted by the Company, including: strong occupier demand, (driven by the growth of e-commerce and investment by retailers in their associated supply chain) and a decline in the supply of smaller sized lettable space in industrial and logistics real estate across the UK.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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December 11, 2018 02:01 ET (07:01 GMT)

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