Stephenson Harwood advised LXi REIT with a team including William Saunders (Picture – Corporate M&A).
LXi REIT plc (LXi) on its proposed merger with Secure Income REIT plc (SIR).
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.
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 Stephenson Harwood team was led by funds partner William Saunders (Picture), with support from a team of more than 50 lawyers across the corporate, real estate, finance, employment and tax departments.
The BCLP team on the merger was led by M&A and Corporate Finance Partners Benjamin Lee and Richard Werner, together with Senior Associate Tom Bacon, Associates Olivia Scott, Jessica Kain, Amelia Jansen and Trainee Manuela Ampontuah also from M&A and Corporate Finance.
Involved fees earner: Tom Bacon – Bryan Cave Leighton Paisner; Amelia Jansen – Bryan Cave Leighton Paisner; Jessica Kain – Bryan Cave Leighton Paisner; Benjamin Lee – Bryan Cave Leighton Paisner; Olivia Scott – Bryan Cave Leighton Paisner; Richard Werner – Bryan Cave Leighton Paisner; William Saunders – Stephenson Harwood;