Urban Logistics signs £48m loan facility with Aviva Investors

Specialist industrial and logistics property investor Urban Logistics announced the signing of a new loan facility on Monday.

The AIM-traded real estate investment trust said that on 12 March, it entered into a £48m loan facility with Aviva Investors.

That was in addition to its £151m facility with Barclays, Santander and Lloyds, which was secured in August.

“This new facility provides a seven-year term, and comes at a fixed cost of 2.34%,” the board said in its statement.

At 0828 GMT, shares in Urban Logistics REIT were up 0.07% at 146.1p.