LXi REIT makes five acquisitions for £55m

LXi REIT has made five acquisitions for a combined total of circa £55m. The acquisitions have been funded by the company’s new revolving credit facility, announced in July, and reflect a net acquisition yield of 5.7%. The company will forward fund each development it has acquired. The acquisitions are:
  • a supermarket in Northumberland that has been prelet to Aldi on a 20-year lease;
  • a 75-bedroom hotel in Kent that has been prelet to Travelodge on a 25-year lease;
  • a 70-bedroom hotel in Essex that has been prelet to Premier Inn on a 25-year lease;
  • an 82-bedroom hotel in