Urban Logistics builds outperforming warehouse assets The logistics landlord is rapidly growing its portfolio in the in-demand warehouse market November 12, 2020 The assets are currently wholly owned by Kennedy Wilson. "The development programme announced today, which we have sourced off market, will add further high-quality new assets to the company's portfolio at a time when smaller urban logistics … InfraRed Capital Partners Limited (“InfraRed”), on behalf of the InfraRed Urban Logistics Income Fund (“IULIF”), has completed the acquisition of an eight asset urban logistics portfolio (“the Portfolio”) from NW1 Partners and Marchmont Investment Management for £50.8m. With minimal disruption to the company's portfolio due to COVID-19, the increased trend in online retail sales and exceptionally strong rent collection figures for Q1 and Q2 2020, Urban Logistics is looking to make further asset purchases in the coming months funded by the balance of the equity capital raise and a new banking facility. Notice of Final Results . The 261,000 sq ft portfolio comprises eight urban industrial assets predominately located in Greater London and the South East, with two assets in Manchester and Birmingham. Aldi's logistics play follows the withdrawal of fellow German hypermarket Kaufland last month, backtracking on plans outlaid in 2017 for an “ambitious Australian investment and development program”. Urban Logistics is pumping £23m of forward funding into two development sites. ... As of last trade Urban Logistics REIT plc (SHED:LSE) traded at 145.24, -3.82% below its 52-week high of 151.00, set on Feb 15, 2021. UK logistics REIT Urban Logistics has purchased six logistics assets for a total consideration of £27.8 million, reflecting a 6.9% net initial yield … 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. UK-based Urban Logistics REIT plc has acquired seven warehouse properties (Crown Portfolio) for a total consideration of £47.2 million, at a net initial yield (“NIY”) of 7.0%.. The FTSE 250 real estate investment trust said it has invested £7.7m to buy the 20,000sqft warehouse in London and paid £5.5m for the newly developed 46,000sqft asset in Redditch. The development yield on cost is 6.12%. Private equity real estate investment firm HighBrook Investors has formed a new urban logistics platform named CityLink in partnership with Dutch asset manager and developer Proptimize. Apply Cancel Actions. … Urban Logistics announced on Thursday that, on 29 April, it acquired seven properties known as the ‘Crown Portfolio’, for a total consideration of £47.2m. The Joint Venture will be seeded with a $220 million portfolio comprising 18 urban logistics assets in prime locations in the UK. Seven distribution sites, with average warehouse size of 84,105 sq ft, are located in Aberdeen, Huntingdon, Blackpool, Ipswich, Newmarket, Plymouth and Rotherham. UK logistics real estate firm LondonMetric Property has bought two urban logistics warehouses in London and Redditch for £13.2m (€15m). The London Metric RNS says they bought two urban logistic assets ( note lower case) but it does not say they bought two assets from Urban Logistics ie Shed. Urban Logistics REIT saw the value of its portfolio rise 4.6% on a like-for-like basis in the year to the end of March, as the sub-sector continues to perform strongly despite the impact of covid-19.. We will look to expand our urban logistic holdings in the UK throughout 2020 for both our Active Real Estate Fund IV and our dedicated Urban Logistics Income Fund.” In the past couple of years urban logistics has become a key investment theme, driven by the growth in ecommerce across Europe. The seller is Kvalitena, which will retain a minority stake, will continue to asset manage the properties and will look to grow the portfolio … NW1 Partners has sold its UK last mile logistics portfolio to the InfraRed Urban Logistics Income Fund for around £51m. Urban Logistics REIT PLC . Chancerygate sells 11 asset urban logistics portfolio to Northwood Investors 12th January 2021 Chancerygate has sold an 11 asset portfolio to real estate private equity firm Northwood Investors for an undisclosed sum. The platform will be seeded with an initial portfolio of 33 industrial and last mile logistics properties comprising a total of approximately 200,000 sq m. Last-mile acquisition adds to existing portfolio of assets located within short drive-times of key urban centres. The developer completed four facilities, two in Queensland and two in New South Wales, across the year totalling 90,000sq m of new logistics space. Urban Logistics REIT has acquired nine assets and a development site for a total of £56.1m.. In this article we look at why it has become so popular and how the higher rents and capital values are justified for the modern, purpose built “last mile” developments. The deals follow its £136.1 million equity capital raise which completed in March. EQT Real Estate continues to invest in the dynamic urban logistics sector via the proprietary acquisition of 21 properties with a lettable area of 85,000 sqm. The AIM-listed group also said it was in final negotiations to acquire another portfolio of assets in April. The Urban Developer approached Aldi and JLL for comment, but both declined to comment further. Urban Logistics snapped up the assets following its ?136.1m equity capital raising back in March for an average net initial yield of 6.3%. 30 April 2020 . They focus on a specialist sub-sector of the UK real estate market, investing in industrial and logistics properties that enable businesses to operate essential modern distribution networks capable of responding Urban Logistics has acquired five logistics assets in Ripon, Braintree, Oxford, Exeter and Warrington for a total of £33.1m. AEW said the urban logistics and light industrial strategy and light industrial strategy (ULLIS) is structured as a scalable partnership, targeting the development of an initial portfolio of €800m. Urban Logistics is set-up in April 2016 and listed on the AIM market of the London Stock Exchange as Pacific Industrial & Logistics. Urban logistics is one of the central keywords in relation to the movement of goods and describes the transport of goods in urban areas. The company has exchanged contracts with Wilson Bowden Developments, conditional on receipt of planning permission, for the funding of five urban logistics units in Nottingham and Leicester. Crossbay, the first pan-European logistics platform to focus on single-tenant distribution centres, has appointed a new head of asset management to oversee its rapidly growing portfolio. The Company announces that on 29 April 2020 it acquired seven properties (the "Crown Portfolio") for a … Kennedy Wilson and GIC have entered into a joint venture to acquire and manage urban logistics properties in the UK, with the potential to expand into Ireland and Spain. Does anyone know if they were previously owned by Urban Logistics or someone else Note the 4.7% yield m: twells1 NW1 focuses on small-to-mid cap portfolio aggregation strategies and the urban logistics portfolio sale serves to reaffirm the merit of such a strategy. Urban Logistics has exchanged contracts with Wilson Bowden Developments Limited, conditional on receipt of planning permission, for the forward funding of five high-quality urban logistics assets at Nottingham and Leicester.All assets are expected to achieve an EPC 'A' rating. In Ripon, the company has acquired a 43,881 sq ft distribution unit on Barker Business Park for £2.9m from Xpediator plc at a 6.25 per cent net initial yield (NIY). The investment amount is €26.6m (£23m). The assets are currently wholly owned by Kennedy Wilson . and . The JV was seeded with a $220M portfolio comprising 18 urban logistics assets in prime locations in the UK. Add this security to watchlist, portfolio, or create an alert to track market movement + Add to watchlist + Add to portfolio + Add an alert. Name. We continue to see the portfolio benefitting from urban densification trends and accelerating e-commerce, particularly in the wake of COVID-19. Add to Your Watchlists. Urban Logistics REIT plc is a property investment company, quoted on the AIM market of the London Stock Exchange, (AIM: SHED). Urban Logistics REIT plc ("Urban Logistics" or the "Company") Portfolio Acquisition . The Joint Venture will be seeded with a €179.3m ($220m) portfolio comprising 18 urban logistics assets in … (Sharecast News) - Urban Logistics announced on Thursday that, on 29 April, it acquired seven properties known as the 'Crown Portfolio', for a total consideration of ?47.2m. This refers to all movements within a city district, both in terms of supplying end customers and in terms of supplying retail, industry, or trade. Urban Logistics adds six assets to portfolio for £27.8m creherald.com - CRE Herald. Revaluation across GPT’s logistics portfolio resulted in a 9.3 per cent uplift.

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