Important information

You must read the following information before proceeding. It explains certain legal and regulatory restrictions which apply to the information contained on this website. By accessing this website, you agree to be bound by the terms and conditions below. If you do not agree to the notices and disclaimers below, do not access this website.

This website provides general information about LXi REIT plc (the "Company") only and does not constitute investment, tax, legal or other advice. The information contained on this website is intended only for professional and retail investors (as those terms are used in the Alternative Investment Fund Managers Directive 2011/61/EU) who are resident in the United Kingdom and may not be accessed by persons who are located in the United States, Canada, Australia, the Republic of South Africa or Japan. Viewing the materials you are seeking to access may not be lawful in jurisdictions other than the United Kingdom. In some jurisdictions, only certain categories of person may be allowed to view such materials. Any person who wishes to view these materials must first satisfy themselves that they are not subject to any local requirements that prohibit or restrict them from doing so.

If you are not permitted to view this website or are in any doubt as to whether you are permitted to view this website, please exit this website immediately by clicking on the "I do not accept" button below.

You may download or print copies of the reports or information contained within this website for your own private use only; all other copying, reproducing, transmitting, distributing or displaying of material on this website (by any means and in whole or in part) is prohibited. The contents of this website must not be released or otherwise forwarded, distributed or sent, directly or indirectly, in whole or in part, outside the United Kingdom and in particular in or into any other Member State of the EEA, the United States, Canada, Australia the Republic of South Africa or Japan or any other jurisdiction where the distribution of such materials would or may breach any applicable law or regulation or would require any registration or licensing within such jurisdiction. Persons receiving any such materials (including, without limitation, custodians, nominees and trustees) should observe these restrictions and must not, directly or indirectly, in whole or in part, forward, distribute or send them in, into or from any jurisdiction outside the United Kingdom. None of the Company, LXI REIT Advisors Limited, Alvarium Fund Managers (UK) Limited nor any of their respective representatives accepts any responsibility for any violation by any person of any of these restrictions.

The information on this website may be subject to amendment and updating without notice. None of the Company, LXI REIT Advisors Limited, Alvarium Fund Managers (UK) Limited nor any other person guarantees the accuracy or completeness of any information on this website and each such person disclaims all representations and warranties, whether express or implied, to the greatest extent permitted by applicable law and regulation. By continuing to use this website, you agree to the exclusion by such persons, to the greatest extent permitted by applicable law and regulation, of any and all liability for any direct, indirect, punitive, consequential, incidental, special or other damages, including, without limitation, loss of profits, revenue or data arising out of or relating to the provision of and your use of this website and its content.

This website may contain or link to content which is generated by third parties. None of the Company, LXI REIT Advisors Limited, Alvarium Fund Managers (UK) Limited nor any other person accepts any responsibility in respect of any information contained on any other website which may be linked to or from this website.

The information on this website is for information purposes only and does not constitute or form a part of any offer or invitation to sell or issue, or the solicitation of any offer to purchase or subscribe for, securities in any jurisdiction. If you are considering any investment in the Company's shares and are unsure as to whether the investments described on this website are suitable for you, we strongly recommend that you seek professional advice from a financial adviser before making any investment or financial decisions. All investment is subject to risk. The value of the shares in the Company may go down as well as up. Past performance is no guarantee of future returns and there is no guarantee that the market price of the Company's shares will fully reflect their underlying net asset value. There is also no guarantee that the Company's investment objective or return objectives will be achieved.

This website is governed by the laws of England.

By clicking the "I accept" button below, you warrant that you are located in the United Kingdom, you are not a resident of, or physically present in, the United States, Canada, Australia, the Republic of South Africa or Japan or any other territory where to do so would breach applicable laws, rules or regulations, and you agree that you will not transmit or otherwise send any of the information on this website to persons outside the United Kingdom.

Leisure Portfolio

Starbucks & Costa coffee drive-thru portfolio
Across the UK
Description
A portfolio of 13 new drive-thru format coffee shops, located across the UK
Acquisition Structure
Pre-let forward funding
Date Acquired
February 2019
Rent Review
Retail Price Index
Tenants
Starbucks Coffee Company (UK) Limited and Costa Limited
Lease Term
15 years, without break
Pure Gym
Norwich, Norfolk
Description
New gym facility
Acquisition Structure
Built
Date Acquired
January 2019
Rent Review
Fixed uplifts of 2% pa
Tenant
Pure Gym Limited
Lease Term
15 years, without break
Greene King pub portfolio
Across the UK
Description
A portfolio of 14 existing assets located across the UK
Acquisition Structure
Built assets
Date Acquired
June 2019
Rent Review
Fixed uplifts of 2.5%
Tenant/Guarantor
Green King plc
Lease Term
15 years, without break

Dobbies Garden centre
Pennine, West Yorkshire
Description
Garden centre
Acquisition Structure
Sale and leaseback
Date Acquired
June 2019
Rent Review
Retail Price Index
Tenant Guarantor
Dobbies Garden Centres Group Limited
Lease Term
30 years, without break
PGL activity centre
Lancaster, Lancashire
Description
Outdoor activity centre
Acquisition Structure
Sale and leaseback
Date Acquired
July 2019
Rent Review
Retail Price Index
Tenant Guarantor
HB Education Limited
Lease Term
35 years, without break
Dobbies Garden centre
Gloucester, Gloucestershire
Description
Garden centre with Sainsbury’s convenience store
Size
122,000 sq ft
Acquisition Structure
Built asset
Date Acquired
May 2021
Rent Review
Retail Price Index
Tenant Guarantor
Dobbies Garden Centres Group Limited
Lease Term
35 years
Dobbies garden centre
Reading, Berkshire
Description
Garden centre with Sainsbury’s convenience store
Size
94,000 sq ft
Acquisition Structure
Forward funding
Date Acquired
June 2021
Rent Review
Consumer Price Index
Tenant Guarantor
Dobbies Garden Centres Group Limited
Lease Term
35 years
Dobbies Garden centre
Morpeth, Northumberland
Description
Garden centre
Size
18.2 acre
Acquisition Structure
Built asset
Date Acquired
April 2019
Rent Review
Retail Price Index
Tenant Guarantor
Dobbies Garden Centres Limited
Lease Term
30 years
David Lloyd
Hamilton, Scotland
Description
Health and Racquet Club
Size
98,887 sq ft
Acquisition Structure
Built asse
Date Acquired
February 2022
Rent Review
Consumer Price Index
Tenant Guarantor
David Lloyd Leisure Limited
Lease Term
40 years
Costa coffee drive-thru portfolio
Across the UK
Description
A portfolio of 7 new drive-thru format coffee shops, located across the UK
Acquisition Structure
Forward funded
Date Acquired
February 2022
Rent Review
Retail Prices Index
Tenant Guarantor
Costa Limited
Lease Term
15 years
The Brewery
Chiswell Street, London EC1
Description
Largest catered event venue in the City of London – 9 function rooms
Size
66,000 sq ft
Acquisition Structure
Built asset
Date Acquired
July 2022 through Secure Income REIT merger
Rent Review
Fixed uplifts
Tenant
The Brewery on Chiswell Street Limited
Lease Term
50 years
Manchester Arena
Manchester City Centre
Description
26,000 seat Arena plus 160,000 sq ft of office and leisure space, 1,000 space multi-storey car park and advertising hoardings.
Size
8 acre site on top of Manchester Victoria station
Acquisition Structure
Built asset
Date Acquired
July 2022 through Secure Income REIT merger
Rent Review
SMG (63% of income) - Retail Prices Index; Offices – OMV
Tenant
Anchored by SMG part of ASM the world’s largest venue management company; Town Centre Car Parks Ltd t/a Citipark; Serco Ltd; Go Karting For Fun Ltd t/a Teamsports; The Trustees of Unison and JCDecaux UK Ltd
Lease Term
WAULT of 15.7 years (31 March 2022)
Stonegate Pub Portfolio
Across the UK
Description
A portfolio of 16 high street pubs
Acquisition Structure
Built asset
Date Acquired
July 2022 through Secure Income REIT merger
Rent Review
5 yearly Retail Price Index
Tenant Guarantor
Let to or guaranteed by Stonegate Pub Company Ltd
Lease Term
25 years
Occasional Half public house
London
Description
High street public house
Acquisition Structure
Built asset
Date Acquired
July 2022 through Secure Income REIT merger
Rent Review
5 yearly Retail Price Index
Guarantor
Redcat Pub Company Ltd
Lease Term
25 years