Urban Logistics REIT PLC New Loan Facility (1674S)
March 15 2021 - 2:00AM
UK Regulatory
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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