LXi REIT plc is a new closed-ended fund established to deliver inflation-protected income and capital growth over the medium-term for shareholders through investing in a diversified portfolio of UK property, that benefits from very long-term (typically, 20 to 30 years to expiry or first break) index-linked leases with institutional grade tenants. LXi REIT will not undertake any direct development activity nor assume direct development risk.
LXi REIT is targeting a minimum annual dividend of 5 pence per Ordinary Share, starting from the financial period commencing 1 April 2018 with the potential to grow through upward-only inflation-protected long-term lease agreements and is targeting a net total shareholder return of 8 per cent. plus per annum over the medium term1.
LXi REIT’s Investment Advisor is LXI REIT Advisors Limited, which is owned by the principals, shareholders and directors of Osprey Equity Partners Limited.
LXi REIT has already identified a substantial pipeline which should allow capital to be substantially invested or committed within six months following admission.
Annual fees paid to the Investment Advisor are highly competitive: annual fee of 0.75% based on market capitalisation (0.65% above £500 million); no performance fee.
LXi REIT’s full investment policy is included in its Prospectus, which can be found in the Documents section of this website.
1. This is a target only and not a profit forecast and there can be no assurance that it will be met.