LXi REIT agrees £19m forward funding deals
1st Nov 2021 08:09
(Sharecast News) - LXi REITsaid it had agreed two long-let forward funding acquisitions worth a total £19.5m in Essex.
Read moreLXI REIT net asset value rises as portfolio value increases
11th Oct 2021 08:05
(Sharecast News) - Real estate investment trust company LXI REIT said on Monday that independent valuer Knight Frank had valued the group's property portfolio at £1.22bn.
Read moreLXI REIT buys 29 UK nurseries for £34m
1st Sep 2021 07:42
(Sharecast News) - Property investor LXi REIT said it had acquired a portfolio of 23 nursery schools in England for £34m.
Read moreLXi makes three acquisitions, sells Lidl store
20th Aug 2021 07:43
(Sharecast News) - Specialist property investor LXi announced a number of accretive acquisitions for a total cost of £80m on Friday, reflecting an accretive 5.25% average net initial yield, compared to a current portfolio value of 4.7%.
Read moreLXI REIT reaffirms dividend target after collecting 100% of Q3 rent
12th Jul 2021 08:11
(Sharecast News) - LXI REIT reaffirmed its dividend target on Monday after it collected 100% of the rent due for the third quarter.
Read moreLXI REIT raises £104m in placing and PrimaryBid offer
1st Jul 2021 08:37
(Sharecast News) - LXi REIT has raised gross proceeds of £100m under its placing, it announced on Thursday morning, and a further £4m gross under its PrimaryBid offer.
Read moreLXi REIT taps investors for £75m to fund acquisitions
24th Jun 2021 08:52
(Sharecast News) - LXi REIT is raising about £75m from investors to pay for acquisitions including nursery and special education schools that are in demand as investments.
Read moreLXI REIT acquires Reading garden centre, disposes of 'ancillary retail parade'
10th Jun 2021 09:03
(Sharecast News) - London-based real estate investment trust LXI REIT said on Thursday that it has exchanged contracts on the forward funding acquisition of a 94,000 square foot garden centre in Reading for a total cost of £19.0m.
Read moreDisposals ahead of value drive growth for LXi REIT
19th May 2021 07:41
(Sharecast News) - LXi REIT reported a 1.1% improvement in EPRA net tangible assets and net asset value per share under IFRS in its annual results on Wednesday, to 125.7p, with growth primarily driven by disposals ahead of book value as well as like-for-like portfolio growth.
Read moreLXi REIT to acquire portfolio of Costa stores, industrial asset
12th May 2021 09:16
(Sharecast News) - LXi REIT has exchanged contracts on the forward-funding acquisition of a portfolio of Costa Coffee 'drive-thru' properties, as well as an industrial asset, for a total cost of £36m, it announced on Wednesday.
Read moreLXi reaffirms quarterly dividend as rent collection reaches 99pc
22nd Apr 2021 08:21
(Sharecast News) - LXi said on Thursday that it had continued to engage with all of its tenants, leading to rent collection of 99% to-date for the quarter ending June.
Read moreLXI REIT makes 7 long income acquisitions in the grocery sector
29th Mar 2021 07:49
(Sharecast News) - LXI REIT said on Monday that it has made seven separate long income acquisitions in the grocery sector from six different developers for £85m, following its £125m capital raise earlier in the month.
Read moreLXI plans £75m placing
16th Feb 2021 07:57
(Sharecast News) - LXi REIT said it planned to raise £75m through a discounted share placing.
Read moreLXI REIT hikes annual dividend target
11th Feb 2021 08:21
(Sharecast News) - Real estate investment trust LXI REIT hiked its annual dividend target to 6.0p on Thursday following successive quarters of strong rent collection and rental growth.
Read moreLXI REIT delivers 'resilient' set of H1 results
23rd Nov 2020 09:12
(Sharecast News) - Real estate investment trust LXI said on Monday that the defensive characteristics of its "highly diversified portfolio" had allowed the group to deliver "a resilient set of financial results" for the first half of its trading year.
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