LXi REIT said it has acquired £135m (€151m) worth of assets following its recent £200m fundraise and is in talks to buy further assets.
The specialist UK long-income real estate investment trust said the acquisitions were made individually from separate vendors and developers and include both pre-let forward fundings and built assets.
The assets include pre-let forward-funding deals for a new Aldi-led scheme in St Albans, Hertfordshire and a 78-bedroom Travelodge hotel and Costa Coffee shop in Workington, Cumbria.
The company has also acquired, on a sale and leaseback basis, seven Q-Park car parks in strong city centre locations in London, Edinburgh, Glasgow, York, Manchester and Sheffield.
LXi REIT has acquired a 91,000sqft distribution facility on a 10-acre site in Cannock, Staffordshire and also bought 14 family-oriented, food-led public houses in Cheshire, Manchester, Lancashire, Yorkshire, Staffordshire, Newcastle and County Durham.
The company acquired, on a sale and leaseback basis, a garden centre in Pennine, West Yorkshire.
John White, partner of LXI REIT Advisors, said: “We are pleased to have swiftly and carefully deployed £135m of the net proceeds of our recent £200m capital raise in secure, long-let and index-linked assets.
“We look forward to investing the balance in short order from our advanced pipeline of additional assets, which are expected to deliver further value for our shareholders.”
