StockMarketWire.com - LXi REIT launched a share issue to raise around £100m to fund the purchase of further property assets.

New shares in the company would be issued at 118p each, a 9.5% discount to their closing price on Friday.

'The investment advisor, on behalf of the company, has identified a significant pipeline of additional assets which meet the company's investment objective and investment policy,' LXi REIT said.

'The pipeline assets, which total over £200m in value, are diversified by location and leased to a range of institutional-grade tenants with strong financial covenants.'


At 8:05am: [LON:LXI] LXI Reit Plc share price was -4.1p at 126.3p



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