Urban Logistics REIT

Urban Logistics REIT is a British property investment company which invests in warehouses. The company is structured as a real estate investment trust (REIT). The company was listed on the London Stock Exchange until it was acquired by LondonMetric Property in June 2025.

Urban Logistics REIT

Company type	Public limited company
Traded as	LSE: SHED
Industry	Property investment
Founded	2016; 9 years ago (2016)
Headquarters	London , United Kingdom
Key people	Nigel Rich (chairman) Richard Moffitt ( CEO)
Revenue	£60.0 million (2024)[1]
Operating income	£41.5 million (2024)[1]
Net income	£24.7 million (2024)[1]
Website	www.urbanlogisticsreit.com

History

The company was launched on the Alternative Investment Market as Pacific Industrial & Logistics REIT plc in April 2016.^[2] It changed its name to Urban Logistics REIT in March 2018.^[3] It acquired a portfolio of seven warehouses from Legal & General Investment Management in April 2020,^[4] and raised an additional £250 million in capital and transferred to the main market as in December 2021.^[5]

In April 2025, it was confirmed that LondonMetric Property would buy the company in a deal worth £674 million.^[6][7] The takeover was approved by the court in June 2025, so allowing the deal to be completed.^[8]

Operations

The company specialises in warehouses. Its portfolio was valued at £1.1 billion as at 31 March 2024.^[1]