Urban Logistics REIT plc acquired Athora UK RE Log Property 21 Limited.
Athora UK RE Log Property 21 Limited owns a distribution warehouse located one mile north of the M4 and five
miles north east of Heathrow airport. The Property covers 92,892 sq ft on a 4.04 acre site and represents a cold store for frozen food and also includes offices. The Property is let to Delice de France Ltd who are a privately owned specialist distributor of premium frozen bakery projects.
Urban Logistics REIT plc was established in April 2016 and listed on the AIM market of the London Stock Exchange with a market capitalisation of £10m. 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.