LXi forward funds Starbucks and Costa drive-thrus

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LXi REIT has agreed to provide forward funding for the pre-let development of a portfolio of 13 separate Starbucks and Costa drive-thru format coffee shops across the UK

LXi will provide £23.4m in funding, reflecting a net initial yield of 5.7%. The acquisitions are being funded utilising the company’s recent Scottish Widows loan.

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