Urban Logistics REIT
Urban Logistics REIT plc was a UK-focused, publicly listed Real Estate Investment Trust specialising in urban and last-mile logistics properties for e-commerce and distribution tenants, acquired by LondonMetric Property Plc in June 2025 for approximately GBP 1.2 billion.
- Company typePrivate
- Founded2016
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Urban Logistics REIT does
Urban Logistics REIT plc was a UK-focused Real Estate Investment Trust that specialised in urban and last-mile logistics properties, holding industrial and distribution assets across the United Kingdom for tenants involved in last-mile delivery, urban distribution, and e-commerce fulfilment. Founded in 2016 and headquartered in London, the company operated as a single-asset-class vehicle listed on the London Stock Exchange (ticker SHED) with a portfolio valued at approximately GBP 1.2 billion at the point of acquisition. The business model generated revenue through rental income on its logistics real estate portfolio, serving logistics and e-commerce occupiers requiring strategically located urban distribution facilities.
On 23 June 2025, Urban Logistics REIT was acquired by LondonMetric Property Plc, a FTSE 100 Triple Net Lease REIT, as part of a combined GBP 1.2 billion transaction that also included Highcroft Properties. The acquisition was executed through a recommended offer with new LondonMetric shares issued to Urban Logistics shareholders on 24 June 2025. Following the transaction, Urban Logistics ceased operating as an independent listed entity and its assets became part of LondonMetric's logistics segment, which now constitutes 54% of LondonMetric's GBP 7.4 billion total portfolio. The transaction was supported by a syndicate of financial advisers (Barclays, JP Morgan, Peel Hunt, Lazard, Kinmont, Panmure Liberum, Berenberg) and independent valuers (CBRE, Savills, Knight Frank, JLL), with irrevocable undertakings secured from major institutional shareholders including TR Property Investment Trust, Achilles Investment Company, and North Atlantic Smaller Companies Investment Trust.
Urban Logistics REIT firmographics
Firmographics- Name
- Urban Logistics REIT
- Legal name
- Urban Logistics REIT plc
- Website
- https://urbanlogisticsreit.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Short description
- Urban Logistics REIT plc was a UK-focused, publicly listed Real Estate Investment Trust specialising in urban and last-mile logistics properties for e-commerce and distribution tenants, acquired by LondonMetric Property Plc in June 2025 for approximately GBP 1.2 billion.
- Ownership category
- akta.pro rank
Urban Logistics REIT industry classification
Industry- Product category
- Industrial and Logistics Real Estate
- NAICS
- Warehousing and Storage (493)
- SIC
- Real Estate Investment Trusts (6798)
- akta.pro primary industry
- Industrial & Logistics Real Estate Asset Management (BPAJAMAC)
Keywords
Where Urban Logistics REIT is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Markets served
Urban Logistics REIT business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Others
Distribution channels1 record
Marketing channels2 records
Urban Logistics REIT product offering
Product offeringCore offering
Urban Logistics REIT was a UK-focused Real Estate Investment Trust (REIT) that owned and leased urban and last-mile logistics properties across the United Kingdom. It operated as a single-asset-class vehicle holding industrial and distribution real estate assets leased to logistics and e-commerce tenants, generating rental income from its portfolio. The company was acquired by LondonMetric Property Plc with an effective date of 23 June 2025 as part of a GBP 1.2 billion transaction.
Product overview
Urban Logistics REIT was a UK-focused Real Estate Investment Trust (REIT) specializing in urban and last-mile logistics properties. The company operated as a single-asset-class vehicle holding industrial and distribution real estate assets across the United Kingdom. On 23 June 2025, Urban Logistics REIT was acquired by LondonMetric Property Plc through a recommended offer, with new LondonMetric shares issued to Urban Logistics shareholders on 24 June 2025. The acquisition was valued at approximately GBP 1.2 billion and formed part of LondonMetric's strategy to expand its logistics portfolio, which grew to represent 54% of its total assets. Following the acquisition, Urban Logistics REIT ceased to operate as an independent listed entity.
Differentiator
Problem solved
Functional benefit
Products and services
- UK Urban and Last-Mile Logistics Property Portfolio
Companies that use Urban Logistics REIT
Customer profileSegments1 record
Ideal customer profiles1 record
Urban Logistics REIT technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Urban Logistics REIT partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- Computershare Investors Services PLCcoreComputershare acted as Urban Logistics' share registrar. Any Urban Logistics related shareholding enquiries should be directed to Computershare by calling +44 (0) 370 703 6003 following the acquisition.
- CBREcoreCBRE provided independent valuation reports for the Urban Logistics portfolio (both for Rule 2.7 Announcement and Scheme Document), NMC Letters, and consent letters.
- SavillscoreSavills provided independent valuation reports for the Urban Logistics portfolio (both for Rule 2.7 Announcement and Scheme Document), NMC Letters, and consent letters.
- Knight FrankcoreKnight Frank provided valuation reports including Knight Frank Valuation Report in relation to the Highcroft Portfolio dated 24 April 2025, as well as Rule 2.7 and Scheme Document valuations.
- JLLcoreJLL provided consent and NMC Letter and Valuation Report dated 23 May 2025 for the acquisition.
Scale indicators2 records
Recent moves5 records
Expansion highlights1 record
Urban Logistics REIT competitors and assessment
Company assessmentDirect peers
- SEGRO plc: Leading UK and European-listed REIT specialising in big-box and urban logistics warehouses. Acquires and develops modern logistics real estate serving e-commerce and supply-chain customers, directly comparable to Urban Logistics' asset focus at a larger scale.
- CTP N.V. European-listed developer and owner of industrial and logistics properties. Operates a single-asset-class industrial logistics model similar to Urban Logistics, with comparable exposure to e-commerce-driven last-mile demand.
- Picton Property Income Limited: UK-listed REIT with significant industrial and logistics exposure. Currently subject to a proposed acquisition by LondonMetric, making it a close UK small-cap REIT peer being consolidated in the same wave as Urban Logistics.
- Hansteen Holdings: UK and European-focused industrial REIT that was acquired by CTP in 2021. Closely comparable UK-listed pure-play industrial logistics vehicle to Urban Logistics in both model and scale.
- Tritax Big Box REIT: UK-listed pure-play logistics REIT focused on big-box distribution warehouses. Was the most direct UK logistics REIT peer to Urban Logistics prior to its 2024 acquisition by SEGRO; highly comparable single-asset-class model.
Others
- CBRE Group, Inc. Global commercial real estate services firm that provided independent valuation reports for Urban Logistics' portfolio. Adjacent to Urban Logistics' business as a transactional and advisory partner in the logistics real estate value chain.
- Savills plc: Global real estate advisor that provided independent valuation services for Urban Logistics' portfolio. Comparable as a key service provider in the UK logistics real estate ecosystem rather than a direct competitor.
Broad incumbents
- Goodman Group: Global industrial property group with significant UK and European logistics operations. Operates at much larger scale than Urban Logistics but is comparable in asset class and customer segments.
- LondonMetric Property Plc: FTSE 100 UK Triple Net Lease REIT that acquired Urban Logistics in June 2025. While broader across asset classes (logistics, convenience, healthcare, entertainment), logistics now represents 54% of its portfolio post-acquisition.
- Prologis, Inc. Global logistics REIT and the world's largest owner of industrial real estate. Operates a much broader global portfolio but is the dominant incumbent in the same logistics asset class as Urban Logistics.
Market position
Strengths3 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Urban Logistics REIT social profiles
Digital presenceUrban Logistics REIT financial estimates
Financial estimateRevenue estimate
Valuation estimate
Urban Logistics REIT leadership team
Management profileNumber of profiles
Profiles1 record
Urban Logistics REIT funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Urban Logistics REIT M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Urban Logistics REIT
What does Urban Logistics REIT do?
Urban Logistics REIT was a UK-focused Real Estate Investment Trust (REIT) that owned and leased urban and last-mile logistics properties across the United Kingdom. It operated as a single-asset-class vehicle holding industrial and distribution real estate assets leased to logistics and e-commerce tenants, generating rental income from its portfolio. The company was acquired by LondonMetric Property Plc with an effective date of 23 June 2025 as part of a GBP 1.2 billion transaction.
Is Urban Logistics REIT a public or private company?
Urban Logistics REIT is a private company. It is classified as corporate owned and is currently acquired.
When was Urban Logistics REIT founded?
Urban Logistics REIT was founded in 2016. It employs 11 to 50 people.
Where is Urban Logistics REIT based?
Urban Logistics REIT is headquartered in London, United Kingdom, in the Europe region.
Who are Urban Logistics REIT's main competitors?
Direct peers on record are SEGRO plc, CTP N.V., Picton Property Income Limited, Hansteen Holdings and Tritax Big Box REIT. Others are CBRE Group, Inc. and Savills plc. Broad incumbents are Goodman Group, LondonMetric Property Plc and Prologis, Inc..
Does Urban Logistics REIT have an API?
No public API is recorded for Urban Logistics REIT.
What industry is Urban Logistics REIT in?
Urban Logistics REIT's product category is Industrial and Logistics Real Estate. Its primary akta.pro industry code is BPAJAMAC, Industrial & Logistics Real Estate Asset Management. Its NAICS code is 493 and its SIC code is 6798.