The Board of LXI REIT (ticker: LXI), the specialist inflation-protected very long income REIT, announces that Simon Lee, Partner and Fund Manager of the Company’s Investment Advisor, LXI REIT Advisors Limited, acquired 207,989 ordinary shares in the capital of the Company at 118.9 pence per share for a total cost of £247,299 on 17 October 2022.
LXi REIT PLC recently exchanged contracts with J Sainsbury PLC to buy 18 prime grocery stores, on a sale and leaseback basis, for £500 million.
LXI REIT plc invests in commercial property assets predominantly in the UK, let, or pre-let, on long (typically 20 to 30 years to expiry or first break), inflation-linked leases to a wide range of strong tenant covenants across a diverse range of robust property sectors.
The Company may invest in fixed-price forward funded developments, provided they are pre-let to an acceptable tenant and full planning permission is in place. The Company will not undertake any direct development activity nor assume direct development risk.
The Company is targeting a dividend of 6.3 pence per ordinary share for the year which commenced on 1 April 2022*.
The Company, a real estate investment trust ( “REIT“) incorporated in England and Wales, islisted on the premium listing segment of the Official List of the UK Financial Conduct Authority and was admitted to trading on the main market for listed securities of the London Stock Exchange in February 2017.
The Company is a constituent of the FTSE 250, EPRA/NAREIT, MSCI and STOXX Europe 600 indices.
The post Share purchase by Simon Lee, LXi Investment Advisor appeared first on Built Environment Networking.
