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LondonMetric to buy UK's Urban Logistics REIT in $925 million deal

Published by Global Banking & Finance Review

Posted on May 9, 2025

1 min read

· Last updated: January 23, 2026

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LondonMetric's $925M Acquisition of Urban Logistics REIT

(Reuters) -British landlord LondonMetric agreed to buy Urban Logistics REIT on Friday in a deal valuing the property investment firm at 698.9 million pounds ($924.99 million).

Under the deal, Urban Logistics shareholders will receive 0.5612 newly issued LondonMetric shares plus 42.8 pence in cash for each share held, valuing its stock at 150.3 pence apiece.

The offer price is at a 3% premium to Urban Logistics stock's closing price on Thursday.

"The Urban Logistics Directors...unanimously consider the terms of the Acquisition to be fair and reasonable," the company said in a statement.

($1 = 0.7556 pounds)

(Reporting by Yamini Kalia in Bengaluru; Editing by Nivedita Bhattacharjee and Rashmi Aich)

Key Takeaways

  • LondonMetric to acquire Urban Logistics REIT for $925 million.
  • Urban Logistics shareholders to receive shares and cash.
  • The deal values Urban Logistics stock at a 3% premium.
  • Acquisition terms deemed fair by Urban Logistics directors.
  • The transaction strengthens LondonMetric's property portfolio.

Frequently Asked Questions

What is the main topic?
The main topic is LondonMetric's acquisition of Urban Logistics REIT for $925 million, enhancing its property investment portfolio.
What are the terms of the deal?
Urban Logistics shareholders will receive 0.5612 newly issued LondonMetric shares plus 42.8 pence in cash for each share held.
What is the significance of the acquisition?
The acquisition strengthens LondonMetric's property portfolio and offers a 3% premium on Urban Logistics stock.

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