LXB Retail Properties Plc is a Jersey incorporated closed-ended real estate investment company, whose strategy is to invest in out-of-town and edge-of-town retail assets. The company has a strong and independent board of non-executive directors with significant relevant experience, chaired by Phil Wrigley.
The Company’s strategy is to capitalise on the structural change occurring in the out-of-town UK retail sector through focused acquisition of retail parks where there is scope, through development and asset management, to extract above average returns for Shareholders. The Group is an active investor and implements strategies to enhance the capital value of acquired assets.
LXB Retail Properties Plc was listed on AIM and CISX in October 2009.

http://www.lxbretailproperties.com/

IC - the prospect of receiving a dividend equivalent to a 31% yield gets our vote.

ST of IC today - Needless to say I rate LXB’s shares a strong buy at 86p and have an initial target price of 99p, or 15 per cent above the current level. This could prove conservative if my estimate of net asset value uplift is on the money. Buy.

Might be worth a punt - need some more property exposure.