UK-listed LXi REIT has invested £87m (€101.3m) to acquire nine assets and remains in talks to buy a range of further assets.
The long income UK real estate investment trust said has bought three convenience stores in Norwich, Aston and Washington, leased the Co-operative Food Group, acquired a health and racquets club in Hamilton let to David Lloyd Leisure, and has bought a two-storey car park in York to Q-Park.
LXi REIT said it has also acquired a pre-let to Sainsbury’s supermarket convenience store in Bewdley in a forward funding deal, a 44 bedroom Premier Inn budget hotel in Exeter let to Whitbread, a training facility in Milton Keynes let to Compass Group in a sale and leaseback with online car retailer Cazoo.
LXi REIT said the company is in solicitors’ hands on a range of further assets and further announcements are expected to be made shortly.
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