LXi REIT has raised £100m to pursue new acquisitions.
The REIT raised the total from an initial target of £75m and was still oversubscribed.
The raising, at 133p per share, will fund a £125m pipeline including two sale and leaseback portfolios focusing on the education sector, and long-lease supermarket schemes prelet to Lidl, Co-op and Sainsbury’s.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
