(Reuters) – British landlord LondonMetric Property is in talks to merge with London-based real estate investment trust LXI, Bloomberg News reported on Monday, citing people with knowledge of the discussions.
The companies are working with advisers to agree on the terms of a merger that would create UK’s fourth-largest listed landlord by assets, with a combined portfolio of about 6.4 billion pounds ($8.11 billion), the report said.
($1 = 0.7894 pounds)
(Reporting by Aby Jose Koilparambil in Bengaluru)