Tag: LXI REIT
LondonMetric completes merger with LXi REIT
LondonMetric Property hass announced the completion of the merger with LXi REIT plc, as the Scheme of Arrangement became effective on March 5, 2024.
Concurrently,...
LXi completes £210m sale of 66 Travelodge hotels
LXi REIT, following its announcement of 8 January 2024, the company has completed on the sale of 66 Travelodge branded hotels to the Travelodge...
LondonMetric, LXi create UK’s first triple net lease REIT with £6.2bn...
LondonMetric and LXi have entered into a strategic merger, laying the foundation for the creation of a major UK Real Estate Investment Trust (REIT).
LondonMetric...
LXi seals contract for £210m sale of 66 Travelodge hotels
LXi REIT has exchanged contracts unconditionally on the sale of 66 Travelodge branded hotels to the Travelodge group for £210 million.
As announced on 22 November...
LondonMetric and LXi REIT in talks for all-share merger
LondonMetric Property and LXi REIT confirmed that they are in talks regarding a possible all-share merger of the two companies, pursuant to which LondonMetric...
LXi REIT to sell £210m Travelodge hotel portfolio
LXI REIT, a real estate investment trust incorporated in England and Wales, has responded to recent press speculation regarding the potential sale of 66 Travelodge hotels.
The company...
LXi REIT divests St Albans retail park for £31m
LXi REIT has sold a retail park in St Albans to a UK institution for £31 million, equating to a net initial yield of 4.7%.
The property is let...
Canada Life AM provides £148m loan to LXi REIT
Canada Life Asset Management has provided a £148 million loan to LXi REIT plc.
The loan will refinance a mixed-use, UK regional portfolio of...
LXi REIT to acquire Sainsbury’s portfolio for £500m
LXi REIT has exchanged contracts to acquire a portfolio of 18 prime grocery store assets predominantly located in Southern England, on a sale and...
LXi REIT fully deploys proceeds from £250m capital raise
LXi REIT has fully deployed the net proceeds of the £250 million capital raise with the new acquisitions worth £73 million.
The acquisitions, which have...