Rent collection update
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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