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LXi REIT acquires seven grocery assets for £85m
StockMarketWire.com
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Real estate investment trust LXi REIT said it had acquired seven separate long income stores in the grocery sector from six different developers for a total of £85 million.
The acquisitions including a pre-let forward funded lidl store in East Ham, London; an Asda foodstore in Glasgow, a Tesco foodstore in Greater London, an Aldi foodstore, a Home Bargains in Denbighshire, Co-op convenience store, a PFS forward funding in Leicestershire and Co-op convenience stores in Wiltshire and Oxfordshire.
'Following these acquisitions, foodstores will be our largest sector exposure representing approximately 25% of our portfolio by value,' the company said.
Story provided by StockMarketWire.com
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