Investment firm acquires land for pre-let retail space
Investment firm LXi REIT has completed a land acquisition for retail space in Bradford for a total value of £11.1m.
The property has been pre-let to Aldi on an unbroken 20-year index-linked lease. Ancillary leases have then also been agreed to Home Bargains, Heron Foods, Starbucks and Greggs.
It is being forward funded on a fixed-price basis by the company at a 6.2% net initial yield, worth a total of £11.1m.
The acquisition follows the successful granting ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
