Shares of Urban Logistics REIT plc (LON:SHED – Get Rating) were up 1.8% during trading on Friday . The company traded as high as GBX 170 ($2.06) and last traded at GBX 165.50 ($2.01). Approximately 3,940,731 shares changed hands during trading, an increase of 107% from the average daily volume of 1,900,565 shares. The stock […]
Urban Logistics REIT plc (LON:SHED – Get Rating) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 196.50 ($2.58) and last traded at GBX 196.50 ($2.58), with a volume of 522413 shares traded. The stock had previously closed at GBX 191.50 ($2.51). Separately, Berenberg Bank reaffirmed a […]
19 February 2021 | 08:15am
StockMarketWire.com - Warehouse investor Urban Logistics said it has acquired six sites for £27.8 million.
The acquisitions include four properties from Kinaxia Logistics for £17.3 million in Macclesfield, Telford, Royal Wootton Bassett and Yate.
The company also purchased a 125,000 square foot property for £3.8 million in Rotherham, which is let to Green Forest Solutions until 2025. It also paid £6.7 million for a property in Leigh.
Chief executive Richard Moffitt said: ‘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 with our strategic focus, all of these assets are single-let properties servicing high quality logistics tenants.’
15 January 2021 | 07:57am
StockMarketWire.com - Urban Logistics has acquired an off-market a logistics site in Bromborough, Wirral for £16.3 million at a 5.0% NIY, as part of the deployment of capital raised from the company s recent fundraising.
The site is let to Great Bear Distribution, part of the Culina Group, which operates a Nestle Cereal contract.
The lease, with a passing rent of £4.97 per square foot, runs to January 2022 after which a reversionary lease, with a cap and collar rent of £5.15 to £5.50 per square foot, has been agreed through to January 2032.
The specialist UK logistics REIT said it has received 99% of rent due for the quarter to March. The remaining 1% is expected to be collected imminently and all tenants remain fully operational.