Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
  • Video Insights
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Urban Logistics makes three acquisitions

Urban Logistics makes three acquisitions

Wed, 16 Dec 2020 | COMMERCIAL PROPERTY

Property investor Urban Logistics REIT PLC has made three acquisitions totalling £22.9 million in Huntingdon, Fareham and Northampton. The cost has been funded by the company’s recent round of fundraising.

In Huntingdon, Urban Logistics has acquired a 129,222 sq ft warehouse from Dart Products Limited. The deal came to £2.1 million and Urban Logistics plans to spend a further £4.6 million on a total refurbishment of the site.

The refurbishment is scheduled to be completed in May 2021, after which the warehouse will be let to a multinational delivery services firm on a 15-year lease. The property, located on Huntingdon’s St Peters Road Industrial Estate, has access to A1/M and A14.

The Fareham acquisition is a 71,160 sq ft distribution unit. The property was acquired from M&G for £10.9 million and is let to Amazon UK on a five-year lease to 2025. The site is located close to the M27.

Finally, in Northampton, the company has acquired a 49,433 sq ft distribution unit for £5.2 million. The site, which has been recently refurbished, is let to Trans Global on a 10-year lease to 2030 and is located near the M1.

Urban Logistics Chief Executive Richard Moffitt commented: “These logistics assets are well located in the Midlands and South East for delivering essential goods the “last mile” to customers and businesses.”

“In line with our strategic focus, all of these assets are single-let properties servicing high quality tenants and provide excellent opportunities for value enhancement through active asset management.”

“The site in Huntingdon is currently undergoing refurbishment and we have secured a leading multinational delivery services company as a tenant on a 15-year lease once work is completed in May 2021.”

“The Northampton site is a recently refurbished logistics unit well located near the M1, let to Trans Global, and the site in Fareham is let to Amazon and is in a prime local location offering reversionary potential.”

In its financial statement to the year ended March 31 2020, Urban Logistics reported revenue of £12.6 million, up from £10.7 million a year earlier, but operating profit dropped from £21.6 million in 2019 to £12.7 million. Total profit fell from £18.7 million in 2019 to £9.3 million.


One of the best ways to find properties below market price is to look at recent administrations.


Share this article



Latest Businesses for Sale

Plastic Cards, Point of Sale Consumables & Labels Supplier
North of England, UK Wide

Offers an extensive selection of products, including eco-friendly items, along with complementary in-house design services. Predominantly generates sales via a dedicated telesales function, focused on maintaining strong relationships with clients. Of...

Asking Price: Offers Invited
Turnover: £667,000

LEASEHOLD


Supplier Of Industrial, H&V & Commercial Plumbing Products
South of England, UK Wide

Supplies a range of industrial, H&V and commercial plumbing products, including pipes, valves, fittings, pumps, controls, sanitaryware, wc products, taps and brassware.

Asking Price: Offers Invited
Turnover: £3,900,000

LEASEHOLD


Supplier Of Composite & Structural Engineering Materials
UK Wide

Offers a comprehensive range of high-end products for multiple clients across the world. AS9100, AS9120 and ISO 9001 certified as a result of its superior service offering.

Asking Price: Offers Invited
Turnover: £4,600,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
09
 
Apr
 

Topshop flagship store up for sale | COMMERCIAL PROPERTY

Topshop's flagship Oxford Street store in London is dra...

 
09
 
Apr
 

Gestamp’s former Washington warehouse hits the market in £6.5m auction | COMMERCIAL PROPERTY

The former Washington base of international car parts manufa...

 
08
 
Apr
 

Decorating contractor targets acquisitions after MBO | MBO/MBI

Scottish commercial decorating contractor Bell Group has com...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2021. Business Sale Report Ltd. All rights reserved. www.business-sale.com.