LXi REIT is a
real estate investment trust based in London, England. It is listed on the
London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...
and is a constituent of the
FTSE 250 Index
The FTSE 250 Index ( "Footsie") is a capitalisation-weighted index consisting of the 101st to the 350th largest companies listed on the London Stock Exchange. Promotions and demotions to and from the index occur quarterly in March, June, Septemb ...
.
History
The company was established by Osprey Equity Partners with support from Ram Bhavnani, a wealthy Spanish investor, in 2016.
Bhavnani's previous ventures included a significant investment in
Bankinter
Bankinter, S.A. (), is a Spanish financial services company headquartered in Madrid. It has been listed on the Bolsa de Madrid since 1972, and is part of the Ibex35 Index. It was founded in 1965 as an industrial bank through a joint venture betwe ...
, a Spanish-based bank.
[ LXi REIT was the subject of an ]initial public offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...
in 2018.[
]
Operations
The company has a portfolio of commercial properties rented out to corporate customers on 20 to 30-year inflation-linked leases.[
]
References
{{FTSE 250 Index constituents
Financial services companies established in 2016
Real estate companies established in 2016
British companies established in 2016