Finance

LXi exchanges on £500m Sainsbury portfolio deal

By 2022-09-22T07:39:00

Sainsburys

Source: Shutterstock/Michaelabest

LXi REIT has exchanged contracts on its sale-and-leaseback deal to acquire a £500m portfolio from supermarket giant Sainsbury’s.

The portfolio of 21 prime grocery store assets are predominantly located in southern England and will be let back to the supermarket chain.

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