LXi REIT
Type | Public |
---|---|
LSE: LXI | |
Industry | Property |
Founded | 2016 |
Headquarters | London, UK |
Key people | Stephen Hubbard, Chairman |
Revenue | £38.6 million (2020)[1] |
£78.4 million (2020)[1] | |
£73.6 million (2020)[1] | |
Website | www.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[]
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 2020 was £0.8 billion.[1]
References[]
- ^ a b c d "Annual Results 2020". LXi REIT. Retrieved 2 March 2020.
- ^ a b c "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.
Categories:
- Financial services companies established in 2016
- Real estate companies established in 2016
- British companies established in 2016