LXI
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LondonMetric completes ‘transformational’ merger with LXi
Larger business will deliver better liquidity and substantial cost savings, says Jones
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LXi completes £210m Travelodge sale
Freehold portfolio included hotels in London, Birmingham, Bath, Leeds and Liverpool, and roadside locations
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LondonMetric and LXi agree £4.1bn merger
The deal will create the UK’s fourth-largest REIT, with a £6.4bn portfolio
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Secure merger boosts LXi rental income by two-thirds
The strong performance was held back by a fall in values across the portfolio
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LXi selling £210m Travelodge portfolio
Deal for the 66-hotel portfolio is in solicitor’s hands
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LXI REIT Advisors’ CFO stands down
Freddie Brooks will leave in September, but act as a consultant until the year end
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LXi wraps up refi with £565m deal
Company pushes weighted average debt maturity out to six years
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LXi welcomes ‘material outperformance’ in value change
Long-income specialist says portfolio has outperformed CBRE index
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LXI fund manager spends another £100k on stock
Simon Lee has now spent almost £450,000 on shares since October
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LXi rent roll triples after ‘transformational’ Secure Income merger
Inflation-protected rents and very long leases are the perfect defense, says chair Cyrus Ardalan
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LXi to pay off theme park debt after ‘income strip’ sales
Sales of £257m will pay off the £232m debt on Alton Towers, Thorpe Park and Warwick Castle
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LXi scraps plans to buy £500m Sainsbury’s portfolio
The REIT exchanged contracts last week but shareholders were concerned by “market volatility”