Two London-listed real estate investors are under pressure to restart £3bn merger talks that were abandoned in recent weeks.
LXi REIT and Secure Income REIT held what LXi’s board called “very preliminary discussions” about a potential merger, although LXi said earlier this month that it is “no longer reviewing this opportunity”.
Some investors are now calling for a more in-depth explanation of why the discussions ended, with an eye to them being resumed. One fund manager told EG: “What about this transaction is not in in the interest of shareholders? It strikes me that this transaction has huge industrial logic. In the world of listed companies, scale and liquidity are crucial.”
