LXi REIT agrees £19m forward funding deals

LXi REITsaid it had agreed two long-let forward funding acquisitions worth a total £19.5m in Essex.

The company on Monday said it had exchanged contracts on the pre-let forward funding of a Lidl foodstore and a Lok n' Store self-storage facility in Basildon, Essex.

It will fund the acquisitions using the company's revolving credit facility and the company will receive an income during the construction periods.