Last-mile logistics REIT Urban Logistics has secured an extra £48m of debt as it continues its acquisition trail.
The firm has agreed a new loan facility with Aviva Investors. The facility is in addition to the £151m loan it secured with Barclays, Santander and Lloyds in August last year.
The new loan has been agreed on a seven-year term at a fixed cost of 2.34%.
The REIT has been on a buying spree since the beginning of the year, acquiring more than £70m of standing assets and development sites, including a portfolio of six last-mile logistics buildings last month.
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