LXI REIT
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Travelodge hits £1bn revenue milestone
Profit also rose at the budget hotel chain
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LXi sets sights on solar with Biggin Hill deal
The 1.2MWp solar array on Bombardier’s 232,000 sq ft shed will be the first of many
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Ex-AREF CEO John Cartwright dies
The former M&G fund manager sat on LXi’s board from 2017
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LXi’s Secure Income merger quadruples rental income
But like-for-like values have fallen
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LXi signs new £150m loan with insurer
The 16-year interest-only loan has a 1.75% pa margin
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LXi rises to record rent
Rent roll has risen to £202m, with 52% of leases up for review iby September
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LXi turns Travelodge leases green
REIT regears leases on 122 hotels acquired in Secure Income merger
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LXi’s collapsed £500m deal highlights REIT woes
Industry waiting to see how pricing and valuations settle as stock market volatility continues
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Sainsbury’s to buy 21 freeholds despite LXi deal collapse
Supermarket said it had “alternative options” to finance the Highbury and Dragon deals
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LXi in talks over £500m Sainsbury’s portfolio
The deal could be funded by a further equity raise
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LXi raises £257m with Thorpe Park and Alton Towers deal
“Income strip” transaction will allow REIT to pay off debt linked to the properties
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LXi and Secure Income complete merger
Secure Income shares will cease trading on AIM tomorrow