UK firms LondonMetric, LXI in merger talks to form $4.94 bln property company

LXi REIT

18/12/2023 14:53

Dec 18 (Reuters) - British landlord LondonMetric
Property is in talks to merge with London-based real estate
investment trust LXI  LXIL.L  to create a firm valued at 3.9
billion pound ($4.94 billion), the companies said on Monday.

($1 = 0.7894 pounds)

 (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by
Anil D'Silva)
 ((abyjose.koilparambil@thomsonreuters.com))