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 £48 million loan facility with Aviva Investors. This is in addition to the £151 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 Helen Tarbet Henry Wilson George Beale
| +44 (0)20 7466 5000 +44 (0) 7872 604453 +44 (0) 7788 528143 +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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
