LXi REIT agrees to sell BCA facility in Corby for £68 million

D4t4 Solutions wins four new contracts

D4t4 Solutions wins four new contracts

StockMarketWire.com – Real estate investment trust LXi REIT said it had exchanged contracts to unconditionally sell its BCA facility in Corby for £68 million to a UK pension fund.

The sale price represented an 11% premium to the latest book value of £61 million on 31 March 2020 and generated a geared 14% per annum return.

The exit yield was 4.45%, and the sale was expected to be completed on 30 November 2020.

At 9:05am: [
LON:LXI] Lxi Reit PLC share price was +2.2p at 115.4p

Story provided by StockMarketWire.com

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