£175m secondary placing by LXI REIT plc

BDO.LiveSite.Deals.DealTypeCapital markets & Transaction Services
BDO.LiveSite.Deals.IndustryReal Estate
BDO.LiveSite.Deals.ClientNameLXI REIT plc

LXI is listed on the Premium List segment of the Official List of the UK Listing Authority. It aims to deliver inflation-protected income and capital growth to shareholders through investing in a diversified portfolio of UK property, that benefits from long-term index-linked leases with institutional-grade tenants. 

In September 2018, LXI completed a £175 million capital raise, which was well in excess of the target fundraising size and also oversubscribed at the maximum issue size.

"The BDO capital markets team demonstrated commercial and astute understanding of our industry and business model.  Their robust and flexible approach were key to providing the confidence at Board level that underpinned a smooth and successful capital raise."

Freddie Brooks, Head of Finance