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LondonMetric buys Urban Logistics REIT for £698.9M, a 45.4% premium, to expand in UK logistics.
LondonMetric, a British property company, has agreed to buy Urban Logistics REIT for £698.9 million ($924.99 million), marking a 45.4% premium over Urban Logistics' recent stock price.
The deal is expected to boost LondonMetric's position in the UK real estate market, especially in logistics and warehousing.
The transaction values Urban Logistics at 195 pence per share and is set to complete on May 21, 2025.
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LondonMetric compra Urban Logistics REIT por £ 698.9 millones, una prima del 45,4%, para expandirse en la logística del Reino Unido.