25th Feb 2019 12:54
LONDON (Alliance News) - LXI REIT PLC on Monday said it acquired a care home in Bristol for GBP13.8 million.
The acquisition reflects a net yield of 6.4%, the real estate investment company said.
The property is fully let to Bupa Care Homes Ltd and guaranteed by its parent Bupa Care Homes PLC, on a long lease with over 23.5 years unexpired to first break and benefits from annual rent reviews increasing in line with RPI inflation.
LXI REIT shares were trading down 0.4% at 123.50 pence.
Related Shares:
LXI.L