LXi REIT
Company typePublic
IndustryProperty
Founded2016
HeadquartersLondon, UK
Key people
Cyrus Ardalan, Chairman
RevenueIncrease £203.5 million (2023)[1]
Decrease £(207.9) million (2023)[1]
Decrease £(288.1) million (2023)[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

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

Thorpe Park theme park is one of LXI's assets.

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 was £3.6 billion as at 31 March 2023.[1] Its assets include interests in the Thorpe Park and Alton Towers theme parks.[4]

References

  1. ^ a b c d "Annual Results 2023" (PDF). LXi REIT. Retrieved 13 February 2024.
  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. ^ "New UK property trust targets bond-like income". FT. 29 January 2017. Retrieved 5 December 2019.
  4. ^ "LXi snags nearly £260m in theme park income strip deal". City AM. 6 September 2022. Retrieved 22 January 2024.
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