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RNS Number : 4385B
Urban Logistics REIT PLC
08 October 2020
 

Urban Logistics REIT plc

 

("Urban Logistics" or the "Company")

 

 

Rent collection update

 

 

Urban Logistics, (AIM: SHED) the specialist UK logistics REIT, is pleased to announce that 99% of rent due for the quarter to December has been collected, the remaining 1% is expected to be collected imminently.

 

This follows strong cash collections in March and June where 100% of rents due were collected. The levels of rent collection evidence the Company's proactive approach to strong covenants and intentional bias towards the supply of essential products and consumer goods.

 

- Ends -

 

For further information contact:

 

Urban Logistics REIT plc

Richard Moffitt

 

+44 (0)20 7591 1600

Montfort Communications

Olly Scott

 

+44 (0)78 1234 5205

 

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 logistics real estate sub-sector 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 logistics real estate across the UK.

 

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