{{Short description|British warehouse investment company}} {{Infobox company | name = Urban Logistics REIT | logo = Urban_Logistics_REIT_Logo.svg | type = Public limited company | industry = Property investment | traded_as = {{lse|SHED}} | foundation = {{start date and age|df=yes|2016}} | location_city = London | location_country = United Kingdom | key_people = {{ubl|Nigel Rich (chairman) |Richard Moffitt ( CEO) }} | products = | revenue = {{increase}} £60.0 million (2024)<ref name=ar>{{cite web|url=https://www.urbanlogisticsreit.com/media/1a5bvcp0/web_v2_ul_ar24_cl.pdf|title=Annual Report 2024|publisher=Urban Logistics REIT|access-date=10 February 2025}}</ref> | operating_income = {{increase}} £41.5 million (2024)<ref name=ar/> | net_income = {{increase}} £24.7 million (2024)<ref name=ar/> | num_employees = | num_employees_year = | homepage = {{URL|https://www.urbanlogisticsreit.com/}} }} '''Urban Logistics REIT''' is a British property investment company which invests in warehouses. The company is structured as a real estate investment trust (REIT). The company was listed on the London Stock Exchange until it was acquired by LondonMetric Property in June 2025.
==History== The company was launched on the Alternative Investment Market as Pacific Industrial & Logistics REIT plc in April 2016.<ref>{{cite news|url=https://www.proactiveinvestors.co.uk/companies/news/304921/pacific-industrial-logistics-turner-talks-aim-listing-and-investor-returns-4921.html |title= Pacific Industrial & Logistics' Turner talks AIM listing and investor returns|date=21 April 2016|newspaper=Proactive Investors|access-date=3 March 2022}}</ref> It changed its name to Urban Logistics REIT in March 2018.<ref>{{cite news|url= https://markets.ft.com/data/announce/full?dockey=1323-13571083-5IC6JM3EJ4QSQT4LJDE5CCO34J |title= Proposed £50 million placing to fund acquisitions|newspaper=Financial Times|date=19 March 2018| access-date=3 March 2022}}</ref> It acquired a portfolio of seven warehouses from Legal & General Investment Management in April 2020,<ref>{{cite web|url=https://realassets.ipe.com/news/urban-logistics-reit-acquires-47m-crown-portfolio-from-lgim/10045251.article|title=Urban Logistics REIT acquires £47m Crown Portfolio from LGIM|date=30 April 2020|newspaper=IPE Real Assets|access-date=18 June 2022}}</ref> and raised an additional £250 million in capital and transferred to the main market as in December 2021.<ref>{{cite news|url= https://itthub.net/the-bigger-picture/warehouse/urban-logistics-buys-four-more-warehouses-for-29m/ |title= Urban Logistics buys four more warehouses for £29m|newspaper=ITT Hub|date=3 January 2022| access-date=3 March 2022}}</ref>
In April 2025, it was confirmed that LondonMetric Property would buy the company in a deal worth £674 million.<ref>{{cite news|url= https://portfolio-adviser.com/londonmetric-tables-674m-bid-for-urban-logistics-reit/|title=LondonMetric tables £674m bid for Urban Logistics REIT|date=15 April 2025|newspaper=Portfolio Adviser|access-date=20 June 2025}}</ref><ref>{{cite news|url=https://www.sharesmagazine.co.uk/news/shares/urban-logistics-snapped-up-by-londonmetric-as-ma-boom-continues|title=Urban Logistics snapped up by LondonMetric as M&A boom continues|date=9 May 2025|newspaper=Shares Magazine|access-date=20 June 2025}}</ref> The takeover was approved by the court in June 2025, so allowing the deal to be completed.<ref>{{cite news|url=https://www.morningstar.co.uk/uk/news/AN_1750427899526967300/londonmetrics-takeover-of-urban-logistics-receives-court-sanction.aspx|title=LondonMetric's takeover of Urban Logistics receives court sanction|date=20 June 2025|newspaper=Morning Star| access-date=20 June 2025}}</ref>
==Operations== The company specialises in warehouses. Its portfolio was valued at £1.1 billion as at 31 March 2024.<ref name=ar/>
==References== {{reflist}}
==External links== *[https://www.urbanlogisticsreit.com/ Official site]
Category:British companies established in 2016 Category:Companies formerly listed on the London Stock Exchange