LXi REIT PLC - London-based commercial real estate-focused investment trust - Says it has fully hedged the GBP385 million cost of the acquisition facility for Secure Income REIT PLC. Says that all of its debt is now either fixed or capped at a maximum all-in rate of 4.1%.
Back in May, LXi announced plans for the GBP385 million acquisition of its smaller peer Secure Income. Secure Income is also focused on UK commercial properties, including 11 private hospitals and the Alton Towers and Thorpe Park amusement parks.
Current stock price: 148.20 pence, up 1.1% in London on Wednesday
12-month change: up 0.7%
By Sophie Rose; sophierose@alliancenews.com
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