LXI REIT plc (LSE:LXI) acquired long-let student accommodation scheme in Dundee for £20.3 million on January 15, 2018. The acquisition is being funded using the proceeds of the LXI REIT 's new 11.5-year loan facility secured from Scottish Widows in December 2017, at a fixed rate of 2.85% per annum. Luke Simpson of Peel Hunt LLP acted as financial advisor to LXI REIT plc. LXI REIT plc (LSE:LXI) completed the acquisition of long-let student accommodation scheme in Dundee on January 15, 2018.