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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Urban Logistics Reit Plc | 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 | |
---|---|---|---|---|---|---|---|---|---|---|
-2.40 | -2.13% | 110.40 | 110.20 | 110.60 | 113.60 | 110.00 | 113.60 | 277,029 | 15:24:28 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Investment Trust | 59.71M | -82.66M | -0.1751 | -6.34 | 523.89M |
TIDMSHED
RNS Number : 1674S
Urban Logistics REIT PLC
15 March 2021
Urban Logistics REIT plc
("Urban Logistics" or the "Company")
New Loan Facility
Urban Logistics, (AIM: SHED) the specialist UK industrial and logistics REIT, announces the signing of a new loan facility.
On 12 March 2021, the Company entered into a GBP48 million loan facility with Aviva Investors. This is in addition to the GBP151 million loan facility with Barclays, Santander and Lloyds which was secured in August 2020.
This new facility provides a 7-year term and comes at a fixed cost of 2.34%.
- Ends -
For further information contact:
Urban Logistics REIT plc Richard Moffitt +44 (0)20 7591 1600 Buchanan +44 (0)20 7466 5000 Helen Tarbet +44 (0) 7872 604453 Henry Wilson +44 (0) 7788 528143 George Beale +44 (0) 7450 295099 --------------------- 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 --------------------- Panmure Gordon (UK) Limited - Joint Broker Chloe Ponsonby (Corporate Broking) Emma Earl (Corporate Finance) +44 (0)20 7886 2500 ---------------------
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 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 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.
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(END) Dow Jones Newswires
March 15, 2021 03:00 ET (07:00 GMT)
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