– UK, London – Urban Logistics REIT (LON: SHED), the only London-listed REIT offering a focused exposure to single-let, last mile/last touch logistics real estate, today announced the appointment of Cherine Aboulzelof to its Board as an Independent Non-Executive Director effective from 1 July 2024.
“I welcome Cherine as a Non-Executive Director of Urban Logistics. Her extensive experience across real estate and investment banking adds complementary expertise to the Board and I do not doubt that her knowledge will greatly benefit the Company as it drives forward its growth ambitions. We very much look forward to Cherine joining the Board and to working with her.” said Board Chairman, Nigel Rich.
Cherine Aboulzelof will also join the Audit Committee, Management Engagement Committee, and Nomination Committee.
About Cherine Aboulzelof
Cherine Aboulzelof is an experienced, senior real estate executive with 19 years of real estate investment tenure, having enjoyed a successful career within the industry. Cherine brings significant expertise to the Board, having managed real estate funds, assets, and portfolios for several large real estate investment managers. Before her real estate career, she spent 8 years in investment banking at blue-chip investment banks. Cherine’s direct involvement in originating, negotiating, and closing investments makes her uniquely qualified to join the Board of Urban Logistics, as it continues to drive forward its strategy of enhancing sustainable earnings and shareholder returns.
Cherine is currently a global co-head of BGO Strategic Capital Partners which provides equity capital solutions globally to real estate sponsors. She previously held the position of Managing Director at The Carlyle Group from 2017 to 2021 and Partner at 90 North Real Estate Partners, the real estate investment firm from 2013 to 2017.
Cherine sits on the Board of the Women in Safe Homes Fund, a for-profit social impact fund providing rental accommodation to vulnerable women and children across the United Kingdom, as well as G.R.I Women Leading Real Estate Advisory Board, which promotes Europe GRI Women’s activities.
About Urban Logistics REIT
Urban Logistics REIT plc is an FTSE 250 property investment company. The Company is the only London-listed REIT offering exposure to the specialist last mile / last touch logistics sector, with a single-let tenant base that delivers essential goods within the UK. The Company’s strategy is to invest in mid-sized logistics properties to generate attractive dividends and capital returns through active asset management and asset recycling to generate significant valuation uplift.
Urban Logistics’ investment adviser team has significant experience in investing in the fast-growing logistics sub-sector within the broader real estate market. The team’s ability to source important and strategically located mid-sized single-let properties, with high-quality tenants, off-market at favorable terms, creates considerable value for shareholders. Tenants include Amazon, XPO, DHL, Hermes, DPD, Boots, Unipart (for NHS), Royal Mail and J Sainsbury Plc.
For more: https://www.urbanlogisticsreit.com/
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.