REG - Urban Logistics REIT - Appointment of Non-Executive Director

Urban Logistics ReitAnnouncement

12/06/2024 07:15

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RNS Number : 0460S  Urban Logistics REIT PLC  12 June 2024

12(th) June 2024

Urban Logistics REIT plc

("Urban Logistics" or the "Company")

Appointment of Non-Executive Director

Urban Logistics (LON: SHED), the only London listed REIT offering a focused
exposure to single-let, last mile/last touch logistics real estate, is pleased
to announce the appointment of Cherine Aboulzelof as an Independent
Non-Executive Director of the Company, and a member of the Audit Committee,
Management Engagement Committee and Nomination Committee effective from 1 July
2024.

Cherine Aboulzelof is an experienced, senior real estate executive with 19
years of real estate investment tenure, having enjoyed a successful career
within the industry. Cherine brings significant expertise to the Board, having
managed real estate funds, assets and portfolios for several large real estate
investment managers. Prior to her real estate career she spent 8 years in
investment banking at blue chip investment banks. Cherine's direct involvement
in originating, negotiating and closing investments makes her uniquely
qualified to join the Board of Urban Logistics, as it continues to drive
forward its strategy of enhancing sustainable earnings and shareholder
returns.

Cherine is currently global co-Head of BGO Strategic Capital Partners (part of
BGO, a global real estate investment firm with $84 bn of assets under
management), which provides equity capital solutions globally to real estate
sponsors.  She previously held the position of Managing Director at The
Carlyle Group from 2017 to 2021 and Partner at 90 North Real Estate Partners,
the real estate investment firm from 2013 to 2017.

Cherine sits on the Board of the Women in Safe Homes Fund, a for-profit social
impact fund providing rental accommodation to vulnerable women and children
across the United Kingdom, as well as G.R.I Women Leading Real Estate Advisory
Board, which promotes Europe GRI Women's activities.

Nigel Rich, Chairman of Urban Logistics commented:

"On behalf of the Board, I welcome Cherine as a Non-Executive Director of
Urban Logistics. Her extensive experience across real estate and investment
banking adds complementary expertise to the Board and I have no doubt that her
knowledge will greatly benefit the Company as it drives forward its growth
ambitions. We very much look forward to Cherine joining the Board and to
working with her."

This announcement has been made pursuant to Listing Rule 9.6.11. There is no
further information which is to be disclosed under Listing Rule 9.6.13.

 

- Ends -

 

 Urban Logistics REIT plc

 Richard Moffitt                             +44 (0)20 7591 1600

 Buchanan                                    +44 (0)20 7466 5000

 Helen Tarbet                                +44 (0) 7872 604453

 Simon Compton                               +44 (0) 7979 497324

 George Beale                                +44 (0) 7450 295099

 G10 Capital Limited (part of IQ EQ) - AIFM  +44 (0)20 397 5450

 Graham Fletcher

 

About Urban Logistics REIT

Urban Logistics REIT plc (LON: SHED) is a FTSE 250 property investment
company. The Company is the only London listed REIT offering exposure to the
specialist last mile / last touch logistics sector, with a single-let tenant
base which delivers essential goods within the UK. The Company's strategy is
to invest in mid-sized logistics properties with the objective of generating
attractive dividends and capital returns through active asset management and
asset recycling to generate significant valuation uplift.

Urban Logistics' investment adviser team has significant experience in
investing in the fast-growing logistics sub-sector within the broader real
estate market. The team's ability to source important and strategically
located mid-sized single let properties, with high-quality tenants, off-market
at favourable terms, creates considerable value for shareholders. Tenants
include Amazon, XPO, DHL, Hermes, DPD, Boots, Unipart (for NHS), Royal Mail
and J Sainsbury Plc.

Buying well and pursuing additional value enhancing asset management
initiatives has driven the Company's growth, enabling Urban Logistics to grow
from a £10m market cap company at IPO in April 2016 to a FTSE 250 constituent
with a portfolio valued at circa £1bn.

 

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