LondonMetric completed the merger with LXI REIT in a £1.9bn deal.

LondonMetric, a real estate company that is engaged in property investment and development across the United Kingdom, completed the merger with LXI REIT, a real estate investment trust, in a £1.9bn deal. “LXi has delivered strong growth and outperformance since its IPO in 2017 thanks to its high quality, resilient and actively managed long income portfolio. The Board of LXi would like to thank the LXi REIT Advisors team for the important contribution they have made to the company’s success. The merger with LondonMetric will build on the strengths and track records of both LXi and LondonMetric. It will create the UK’s leading triple net lease REIT with an enlarged and more diversified portfolio aligned to structurally supported sectors, a robust and predominantly unsecured capital structure, broader appeal to investors and enhanced share liquidity, and a highly regarded internal management team. The Merger will position the Combined Group for continued growth and outperformance and the delivery of reliable, sustainable and progressive dividends through the cycle, thereby underpinning superior total shareholder returns,” Cyrus Ardalan, LXI REIT Chairman.