Gowling WLG advises Urban Logistics REIT on £108 million fundraising

The funds team at Gowling WLG has advised Urban Logistics REIT, the AIM listed urban logistics property investor, on its £108.3 million fundraising by way of a placing and PrimaryBid offer. Urban Logistics REIT specialises in providing properties that enable businesses to operate modern distribution networks capable of responding to the challenges created by e-commerce and evolving infrastructure demands.

The Gowling WLG team comprised of corporate partner Kris Rogers and associate Chris Kay.

Kris said: "We are very pleased to have again worked with the Urban Logistics team on the significantly oversubscribed fundraising. There is a growing demand for urban based UK logistics sites and the Placing will support Urban Logistics in being at the forefront in meeting this need."

Gowling WLG's Investment Funds team is one of the leading advisers to the investment funds sector, and brings together a wealth of talent covering tax, corporate, finance, regulatory and dispute resolution. This deal follows a series of recent Investment Fund mandates, including advising Draper Esprit on a £111 million placing and Cordiant Digital Infrastructure Limited on its £370 million IPO.