– UK, London – Urban Logistics REIT (LON: SHED), the last mile logistics-focused REIT, today announced the appointment of Lynda Heywood to its Board as an Independent Non-Executive Director, effective from 1 May 2023.
“On behalf of the board I am delighted to welcome Lynda as a new independent director of Urban Logistics. We believe her experience in leading finance functions in FTSE 100 companies will be invaluable as we continue to execute against our strategy. “We are lucky to find a candidate for this role with Lynda’s depth and breadth of experience, covering finance, listed businesses and real estate, and we look forward to working closely with her in years to come,” said Board Chairman, Nigel Rich.
Lynda Heywood will also join the Audit Committee, Management Engagement Committee, and Nomination Committee.
About Lynda Heywood
Lynda Heywood is a finance leader and treasurer who brings a wealth of experience in guiding FTSE 100 companies from her 20-year tenure at Kingfisher, and six years at Tesco, holding group treasurer roles at both organizations.
In her role in the finance leadership team at Tesco, she is responsible for capital structure, liquidity, and financial risk management, and has been instrumental in delivering the group’s property JV acquisitions. Lynda also sits on the Investment and Risk Committee of the Tesco Pension Scheme, which holds a significant real estate portfolio.
Outside of her role at Tesco Lynda is also a member of the Money Markets Committee of the Bank of England. She qualified as a chartered accountant with BDO Stoy Hayward is a fellow of the Association of Corporate Treasurers and holds a BA in accountancy from the London Metropolitan University.
About Urban Logistics REIT plc
Urban Logistics REIT plc is an FTSE 250 property investment company. The Company is the only London-listed REIT to focus on specialist last mile / last touch logistics assets, with a tenant base which 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.
Urban Logistics’ investment management team, led by Richard Moffitt and Christopher Turner, has over 50 years of experience in investing in the logistics market within the broader real estate market. The team’s ability to source vital 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, Royal Mail, and J Sainsbury Plc.
Buying well and pursuing additional value-enhancing asset management initiatives has driven the Company’s growth, enabling Urban Logistics to grow from a £10m market cap company at IPO on the AIM in April 2016 to an FTSE 250 constituent.
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