LondonMetric makes firm offer for Urban Logistics REIT

LONDON - Highcroft Investments PLC (LON:HCFT) has announced that LondonMetric Property PLC (LSE:LMP) has made a firm offer to acquire Urban Logistics REIT plc (LSE:SHED). The announcement, made today, follows the disclosure in the scheme document published on April 24, 2025, detailing the proposed all-share acquisition of Highcroft by LondonMetric.

The transaction between LondonMetric and Urban Logistics, which was detailed in an announcement released by LondonMetric this morning, involves a recommended cash and share offer. This offer is not interdependent with the acquisition of Highcroft, as both deals are being pursued independently.

Highcroft has made the Urban Logistics Offer Announcement available to its shareholders on its website, ensuring that they are well-informed about the progress of the transaction.

The acquisition process is to be carried out through a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006. Highcroft Investments has engaged Shore Capital as its financial adviser for the acquisition matters.

This announcement is not intended for distribution in the United States or any other jurisdiction where such release would violate local laws. Highcroft has advised its shareholders to make their investment decisions based on the scheme document, which contains detailed information about the acquisition and the new shares to be issued by LondonMetric.

The terms and conditions of the acquisition, including how to vote on the proposed resolutions, will be outlined in the scheme document and accompanying forms. The document will be available on Highcroft’s website, and hard copies can be requested from Highcroft’s registrars.

The news service of the London Stock Exchange (LON:LSEG), RNS, has provided this information, and it has been approved by the Financial Conduct Authority in the UK as a Primary Information Provider. This article is based on a press release statement, and the information contained herein is factual as of the date of the announcement.

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