Industrial and logistics REIT Urban Logistics is forward funding 200,000 sq ft of warehouse space in two schemes in the East Midlands to the tune of £23 million.
It has exchanged contracts with Wilson Bowden Developments for the forward funding of five high-quality urban logistics assets at Nottingham and Leicester. Four units totalling 166,330 sq ft will be speculatively built on an 8.1-acre plot at Blenheim Park in Nottingham, while a further 43,850 sq ft unit will be built on a 2.5-acre site at Optimus Point, Leicester. The deal is subject to planning.
Both schemes will be built speculatively with construction expected to commence in September 2021. Practical completion is anticipated between September 2022 and February 2023.
TRADING UPDATES: 1Spatial expects full-year results ahead of forecasts
Mon, 1st Mar 2021 15:34
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
1Spatial PLC - Cambridge-based location data software provider - Expects to report solid progress in financial year ended January 31, with results ahead of current market expectations due to a robust performance in the second half of the year. Says revenue for the year expected to be in excess of GBP24 million - versus GBP23.4 million in the 2020 financial year - with adjusted earnings before interest, taxes, depreciation and amortisation to be in excess of the GBP3.2 million posted for the 2020 year. The board is confident that the group s progress over the last year is set to continue in the coming year. Nevertheless, the board remains cautious in managing potential risks resulting from the Covid-19 pandemic, 1Spatial says.
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TRADING UPDATES: Urban Logistics Adds Assets, Oakley Buys Into Dexters
Fri, 19th Feb 2021 10:48
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
Oakley Capital Investments Ltd - provides investors with liquid access to private equity returns through investment in the Oakley Funds - Agrees to invest in Dexters, an independent London chartered surveyor and estate agent. Oakley s indirect contribution via Fund IV will be GBP13 million. Including this deal, Oakley s liquid resources available for future deployment are estimated to be GBP176 million. Dexters has considerable scope for further growth and is well positioned to grow both organically and through new office openings and acquisitions of smaller competitors in its target areas. The estate agency market remains highly fragmented and Dexters has consistently demonstrated a track-record of accretive M&A. There is also an opportuni
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.’