Urban Logistics' results defy 'shed' bubble fears

If and when the warehouse bubble does burst, those who exercised a semblance of caution during the boom times will be rewarded. Urban Logistics (SHED) is well aware of this, which is why property director Christopher Turner stresses, during a call about the warehouse developer’s full-year results, that it does not have any fashion tenants in its portfolio and that Amazon (US:AMZN) makes up just 2.5 per cent of its rent roll.