Urban Logistics approaches abrdn Property Income with "superior" offer
20th Feb 2024 19:12
(Alliance News) - Urban Logistics REIT PLC has made an offer for abrdn Property Income Trust Ltd, both companies confirmed on Tuesday. Read More
(Alliance News) - Urban Logistics REIT PLC has made an offer for abrdn Property Income Trust Ltd, both companies confirmed on Tuesday. Read More
(Alliance News) - UK real estate investment trusts will enjoy a decent 2024, Shore Capital Markets predicted, though the broker noted that this week's hotter-than-expected inflation reading suggests that there may still be "bumps on the road" for the sector. Read More
Urban Logistics REIT PLC - UK-focused logistics real estate investment trust - Says demand for space continues to outstrip supply in the "last mile, last touch delivery" sub-sector for essential goods in urban locations. Reports completion of seven lease events since October 1, which "are evidence of significant asset management opportunities available to the company". Says new leases generated around GBP500,000 in additional rental income with passing rent increasing by 31% for over 400,000 square feet. Another two leases are either in solicitors' hands or under offer, which Urban Logistics expects to "further reduce portfolio vacancy". Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday: Read More
(Alliance News) - Urban Logistics REIT PLC on Thursday remained optimistic about its future prospects after posting an interim earnings rise, despite being unable to buy new assets. Read More
(Alliance News) - Real estate investment trusts enjoyed a decent rally on the stock market on Thursday, after the Bank of England decided against a rate hike, and Shore Capital believes it could be time for the sector to shine again. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning: Read More
(Alliance News) - Urban Logistics REIT PLC on Monday said it remains focused on delivering a strong operational and financial performance in challenging times by using active asset management. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning: Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Urban Logistics REIT PLC said on Thursday that it had swung to an annual loss, citing challenging market conditions in the property market. Read More
(Alliance News) - Stocks in London are expected to open lower on Thursday, as investors wait for the Bank of England's interest rate decision, while the UK continues to be gripped by wild inflation. Read More
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