Less Ads, More Data, More Tools Register for FREE

LXi REIT agrees £19m forward funding deals

Mon, 01st Nov 2021 08:09

(Sharecast News) - LXi REITsaid it had agreed two long-let forward funding acquisitions worth a total £19.5m in Essex.
The company on Monday said it had exchanged contracts on the pre-let forward funding of a Lidl foodstore and a Lok n' Store self-storage facility in Basildon, Essex.

It will fund the acquisitions using the company's revolving credit facility and the company will receive an income during the construction periods.

Related Shares

More News
29 Feb 2024 21:44

IN BRIEF: Hollywood Bowl to replace LXi REIT in FTSE 250

Hollywood Bowl Group PLC - Hemel Hempstead, England-based ten-pin bowling centre operator - To be added to FTSE 250 index with effect March 5, replaci...

29 Feb 2024 10:18

IN BRIEF: LXi REIT completes Travelodge hotels sale for GBP210 million

LXi REIT PLC - London-based commercial real estate investment trust - Says that it has now completed the sale of 66 Travelodge-branded hotels to the T...

27 Feb 2024 21:10

IN BRIEF: LXi REIT shareholders back LondonMetric tie-up

LXi REIT PLC - London-based commercial real estate investment trust - All share merger with LondonMetric Property PLC approved at court and general me...

23 Feb 2024 12:27

UK dividends calendar - next 7 days

12 Feb 2024 08:23

TOP NEWS: FTSE 250 property firms agree merger in latest consolidation

(Alliance News) - Tritax Big Box REIT PLC on Monday said UK Commercial Property REIT Ltd has agreed to an all-share takeover offer to create the UK's ...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.