UK long-income REIT LXi has sold a 65-year 'income strip' representing 30% of the annual rental income received from the company’s Thorpe Park and Alton Towers assets, operated by Merlin, to a UK institution for £257 mln (€299 mln).
A 4-acre, freehold site at Kings Cross in the capital’s Knowledge Quarter is expected to attract international interest.
