StockMarketWire.com - Urban Logistics REIT said it had exchanged contracts with Carbide Properties for the forward funding of two urban logistics assets in the UK.

The gross development value of the acquisition was £15.4m, which would be financed from the company's cash resources, including the proceeds from two property sales.

The acquired properties were located at Staffordshire's Stone Business Park and Leicestershire's Lime Kilns Business Park in Hinckley.

The site at Stone would comprise four logistics units with a total gross internal floor area of 86,000 square feet.

The site at Hinckley would comprise two units with a total gross internal floor area of 63,500 square feet.


At market close: [LON:SHED] Urban Logistics REIT Plc share price was 0p at 120.5p



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