Urban Logistics agrees 15 new lettings in Q1

Urban Logistics REIT said it had agreed 15 new lettings in the first quarter, generating £1.6m of additional rental income.

It added that a further four deals were signed post quarter generating £0.8m in new rent.

Within these new lettings the Company's recently completed developments at Nottingham and Rochdale are now fully let at a blended yield on cost of 7.7%.

Reporting by Frank Prenesti for Sharecast.com