LONDON, UK: The boards of LXi REIT plc has agreed to merge with Secure Income REIT plc (SIR). Under the terms of the merger, for each Secure Income REIT share, SIR shareholders will be entitled to receive 3.32 new LXi shares. The boards of LXi and SIR believe there is a strong strategic, operational and…
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Secure Income REIT announces £347mn disposal of private hospitals
LONDON: The Board of Secure Income REIT Plc announced the sale of a portfolio of eight of its nineteen private hospitals let to Ramsay Health Care Limited for a gross consideration of £347 million. The assets sold represent 31% of Ramsay hospitals owned by the Company, at their 31 December 2018 valuations. The purchaser is…