Urban Logistics REIT plc has acquired Athora UK RE Log Property 12 Limited.
Athora UK RE Log Property 12 Limited owns a purpose built distribution warehouse located in the Midlands of England and is in close proximity to the M1. The Property comprises an industrial warehouse and offices covering 249,211 sq ft on a 11.5 acre site. The Property is let to DHL Supply Chain Ltd until 30 June 2027.
Urban Logistics REIT plc was established in April 2016 and listed on the AIM market of the London Stock Exchange. In 2021 Urban Logistics moved from AIM to the Main Market. The Company focuses on a specialist sub-sector of the UK real estate market, investing in mid-sized urban logistics buildings up to 200,000 sq ft. Their tenants distribute essential goods the ‘last mile’ of the supply chain to homes and businesses. This is an indispensable part of the supply chain and demand for such properties vastly exceeds supply.
BDO provided financial and tax due diligence and SPA review services on the acquisition.