 | |
| Company type | Public |
|---|---|
| LSE: LXI | |
| Industry | Property |
| Founded | 2016 |
| Headquarters | London, UK |
Key people | Cyrus Ardalan, Chairman |
| Revenue |  £203.5 million (2023)[1] |
 £(207.9) million (2023)[1] | |
| £(288.1) million (2023)[1] | |
| Parent | LondonMetric Property |
| Website | www.lxireit.com/ |
LXi REIT is a real estate investment trust based in London, England. It was listed on the London Stock Exchange until it was acquired by LondonMetric Property in March 2024.[2]
History
[edit]The company was established by Osprey Equity Partners with support from Ram Bhavnani, a wealthy Spanish investor, in 2016.[3] Bhavnani's previous ventures included a significant investment in Bankinter, a Spanish-based bank.[3] LXi REIT was the subject of an initial public offering in 2018.[3]
In January 2024, it was confirmed that LondonMetric Property would acquire LXi REIT in a deal worth £1.9 billion (US$2.43 billion).[4] The transaction received court approval on 4 March 2024.[5]
Operations
[edit]
The company has a portfolio of commercial properties rented out to corporate customers on 20 to 30-year inflation-linked leases.[6] 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.[7]
References
[edit]- ^ a b c d "Annual Results 2023" (PDF). LXi REIT. Retrieved 13 February 2024.
- ^ "LondonMetric completes LXi merger, announces logistics acquisition". Morningstar. Retrieved 2024-03-06.
- ^ a b c "Spain's Bhavnani family backs £100m fund raise by LXi Reit". Investment Trust Insider. 24 September 2018. Retrieved 5 December 2019.
- ^ "UK's LondonMetric to buy LXI REIT in $2.4 bln deal". Reuters. 11 January 2024. Retrieved 29 February 2024.
- ^ "LXi REIT and LondonMetric merger goes ahead". React News. 4 March 2024. Retrieved 4 March 2024.
- ^ "New UK property trust targets bond-like income". FT. 29 January 2017. Retrieved 5 December 2019.
- ^ "LXi snags nearly £260m in theme park income strip deal". City AM. 6 September 2022. Retrieved 22 January 2024.
Well, that’s interesting to know that Psilotum nudum are known as whisk ferns. Psilotum nudum is the commoner species of the two. While the P. flaccidum is a rare species and is found in the tropical islands. Both the species are usually epiphytic in habit and grow upon tree ferns. These species may also be terrestrial and grow in humus or in the crevices of the rocks.
View the detailed Guide of Psilotum nudum: Detailed Study Of Psilotum Nudum (Whisk Fern), Classification, Anatomy, Reproduction