• Home
  • News
  • Stephenson Harwood advises LXi REIT on merger with SIR

11 May 2022

Stephenson Harwood advises LXi REIT on merger with SIR

Linkedin

Law firm Stephenson Harwood LLP is advising LXi REIT plc (LXi) on its proposed merger with Secure Income REIT plc (SIR).

LXi is a UK REIT which invests in UK commercial property assets let or pre-let on very long, inflation-linked leases, and SIR is a UK REIT that invests in real estate assets that provide long term rental income with upwards inflation protection. The planned merger of the two property trusts, which will create a combined group with assets of almost £4 billion, will generate a portfolio of operating assets that are let on long-term, index-linked leases to tenants across a diverse range of property sectors. The firm is acting for its long term client, LXi, on all aspects of the merger including the substantial real estate due diligence exercise and the £385 million acquisition finance facility.

The Stephenson Harwood team is being led by funds partner William Saunders, with support from a team of more than 50 lawyers across the corporate, real estate, finance, employment and tax departments.

Linkedin

KEY CONTACT

William Saunders

William Saunders
Head of funds and financial services

T:  +44 20 7809 2138 M:  +44 7770 721 429 Email William | Vcard Office:  London

MEDIA CONTACT

Rose Russell
Communications & PR Executive

T: +44 20 7809 2961 
Email Rose