Urban Logistics REIT plans to list on the main market of the London Stock Exchange after it reported 99.4% occupancy across its portfolio of 91 logistics properties and rent collection of more than 99% for the half year ended 30 September 2021.
The REIT, which invests in UK-based logistics properties, with a focus on "last mile logistics", said that its directors believe that the market capitalisation of the company now justifies a move to the premium segment of the main market. It is expected to provide further details on its plans for admission in due course, but said that the board believes that listing on the main market will support the REIT's growth. Responsible Housing REIT announces intention to float Chief executive Richard Moffitt said: "Following the successful deployment of the considerable capital raised to d...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
