 | |
| Type | Public |
|---|---|
| Industry | Property |
| Founded | 2016 |
| Headquarters | London, UK |
Key people | Cyrus Ardalan, Chairman |
| Revenue |  £58.5 million (2022)[1] |
| £168.1 million (2022)[1] | |
| £162.0 million (2022)[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 2022 was £1.5 billion.[1]
References
- 1 2 3 4 "Annual Results 2022" (PDF). LXi REIT. Retrieved 17 February 2023.
- 1 2 3 "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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