LXi REIT

LXi REIT is a real estate investment trust based in London, England. It was listed on the London Stock Exchange until it was acquired by LondonMetric Property in March 2024.

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, a Spanish-based bank. LXi REIT was the subject of an initial public offering in 2018.

In January 2024, it was confirmed that LondonMetric Property would acquire LXi REIT in a deal worth £1.9 billion (US$2.43 billion). The transaction received court approval on 4 March 2024.

Operations
The company has a portfolio of commercial properties rented out to corporate customers on 20 to 30-year inflation-linked leases. The net book value of the portfolio was £3.6 billion as at 31 March 2023. Its assets include interests in the Thorpe Park and Alton Towers theme parks.