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LXi REIT investment in new discount retail park
StockMarketWire.com
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LXi REIT has exchanged contracts to provide forward funding for the development of a new discount retail park in Bradford, Yorkshire, pre-let to Aldi and T. J. Morris (trading as Home Bargains).
The group said the development represented an investment of £10 million, reflecting a blended net initial yield of 6.15% on the asset acquisition (net of acquisition costs to the company).and 3% p.a. compound).
Story provided by StockMarketWire.com
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