Urban Logistics REIT plc announced the appointment of Cherine Aboulzelof as an Independent Non-Executive Director of the Company, and a member of the Audit Committee, Management Engagement Committee and Nomination Committee effective from 1 July 2024. 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.

Prior to 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 global co-Head of BGO Strategic Capital Partners (part of BGO, a global real estate investment firm with $84 bn of assets under management), 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.