Register Log-in Investor Type


Urban Logistics REIT raises £108.3m

Urban Logistics REIT has raised £108.3m in an equity raise.

The group said the placing was materially oversubscribed above the £108m target and a scaling back exercise was carried out. A total of 65,870,766 placing shares (£102.1m) in the company have been conditionally placed at an issue price of 155 pence per share.

Additionally, a total of 4,000,000 PrimaryBid shares (£6.2m) have been conditionally placed by PrimaryBid. The company said 116 existing and 395 new retail shareholders invested via PrimaryBid.

Nigel Rich CBE, chairman, said: “The urban logistics sector continues to benefit from long term structural momentum created by the growth in e-commerce. This significant injection of capital will enable the Company to continue its growth and capture a pipeline of attractive assets. We look forward to updating shareholders further on these acquisitions in due course.”

SHED : Urban Logistics REIT raises £108.3m

previous story | next story

Leave a Reply

Your email address will not be published. Required fields are marked *

Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.

You live in…

You are a…