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LXi REIT PLC - London-based real estate investment trust focused on UK commercial property - Invests £73 million and now has fully deployed the £250 million equity raise it completed earlier this month. Says further acquisitions, to be funded from debt facilities, are ‘in solicitors' hands’. The latest acquisitions were made at a net initial yield of 5.4%. They include a foodstore in Birmingham that is let to grocer Asda Stores Ltd and a training and conference facility in Staffordshire that is let to caterer Compass Group PLC. LXi REIT had bought another facility used by Compass, in Milton Keynes, last month. LXi now owns 191 properties that are 100% let to 70 tenants with an average lease term to first break of 22 years.
Current stock price: 139.40 pence, up 0.3% on Thursday
12-month change: up 11%
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