LXi REIT
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.
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Type | Public |
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LSE: LXI | |
Industry | Property |
Founded | 2016 |
Headquarters | London, UK |
Key people | Stephen Hubbard, Chairman |
Revenue | £21.5 million (2019)[1] |
£37.3 million (2019)[1] | |
£34.1 million (2019)[1] | |
Website | www.lxireit.com/ |
History
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
The company has a portfolio of commercial properties rented out to corporate customers on 20 to 30-year inflation-linked leases.[3] The net book value of the portfolio as at 31 March 2019 was £0.5 billion.[1]
References
- "Prospectus" (PDF). LXi REIT. Retrieved 4 December 2019.
- "Spain's Bhavnani family backs £100m fund raise by LXi Reit". Investment Trust Insider. 24 September 2018. Retrieved 5 December 2019.
- "New UK property trust targets bond-like income". FT. 29 January 2017. Retrieved 5 December 2019.
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