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LXi REIT forward funding for Camborne development
StockMarketWire.com
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LXi REIT has exchanged contracts to provide forward funding for the development of a new Travelodge hotel, drive-through Costa coffee shop and drive-through KFC restaurant in Camborne, Cornwall.
It said the development represented an investment of £6.1 million, reflecting a net initial yield of 6.15% on the asset acquisition (net of acquisition costs to the company).
At 9:50am: (LON:LXI) Lxi Reit Plc Ord 1p share price was +0.75p at 104.25p
Story provided by StockMarketWire.com
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