LONDON: Urban Logistics has exchanged contracts to sell five assets as part of a portfolio for £30.0 million at a 4.8% exit yield, realising a total property return of 78.8%. The sale is in line with Urban Logistics’ stated strategy of active portfolio management and value optimisation where appropriate. Completion is expected to take place…
LONDON: Urban Logistics has announced the acquisition of six logistics assets for a total consideration of £27.8 million at a 6.87% NIY. Richard Moffitt, Chief Executive, commented: “We are delighted with these new logistics assets which are perfectly positioned to deliver essential goods the “last mile” to customers and businesses in key conurbations. “In line…
LONDON: Urban Logistics REIT announced the acquisition of five high-quality logistics assets for a total consideration of £33.1 million at a blended 6.4% NIY in Ripon, Braintree, Oxford, Exeter and Warrington. These urban logistics sites support a diverse customer base. Richard Moffitt, Chief Executive, commented: “These acquisitions were sourced off-market and are in line with…
LONDON: Urban Logistics, the specialist UK industrial and logistics REIT, announced three acquisitions for a total consideration of £36.8 million in Colchester, Exeter and Nottingham and the signing of a new £151 million loan facility. Colchester: On 10 July 2020, the Company acquired Interchange Park, located on the A12 / A120 in Essex, for £9.8…
LONDON: Urban Logistics REIT has acquired seven properties (Crown Portfolio) for a total consideration of £47.2 million. The Crown Portfolio comprises seven properties which are being acquired for a consideration of £47.2 million, equivalent to a 7.0% NIY. The acquisition took place off market through the purchase of a Jersey unit trust from funds controlled…