LXi REIT

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LXi REIT
Public
Traded asLSELXI
IndustryProperty
Founded2016
HeadquartersLondon, UK
Key people
Stephen Hubbard, Chairman
Revenue£21.5 million (2019)[1]
£37.3 million (2019)[1]
£34.1 million (2019)[1]
Websitewww.lxireit.com/

LXi REIT is a real estate investment trust based in London, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History[edit]

The company was established by Osprey Equity Partners with support from Ram Bhavnani, a wealthy Spanish investor, in 2016.[2] Bhavnani's previous ventures included a significant investment in Bankinter, a Spanish-based bank.[2] LXi REIT was the subject of an initial public offering in 2018.[2]

Operations[edit]

The company has a portfolio of commercial properties rented out to corporate customers on 20 to 30-year inflation-linked leases.[3][4] The net book value of the portfolio as at 31 March 2019 was £0.5 billion.[1]

References[edit]

  1. ^ a b c d "Prospectus" (PDF). LXi REIT. Retrieved 4 December 2019.
  2. ^ a b c "Spain's Bhavnani family backs £100m fund raise by LXi Reit". Investment Trust Insider. 24 September 2018. Retrieved 5 December 2019.
  3. ^ "Property trust LXI builds on solid foundations as it gears up for stock market float". This is Money. 18 February 2017. Retrieved 5 December 2019.
  4. ^ "New UK property trust targets bond-like income". FT. 29 January 2017. Retrieved 5 December 2019.