LXi REIT completed the acquisition of Tesco in Welling for $113m.

Synopsis

LXi REIT, a real estate investment trust, completed the acquisition of Tesco, a food retailer, in Welling for $113m. "Following these acquisitions, food stores will be our largest sector exposure representing approximately 25% of our portfolio by value," Simon Lee, LXI REIT Advisors Partner.

Principals

target

Tesco (bexley)

bidder

Lxi Reit

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Market Context

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Bidder Team (2)

simon lee

Advisors Partner at LXI REIT

Manager

bidder

Deals

£ 1.79 B

Total Value

nigel mattinson

Director at Grant Thornton

Financial Advisor

bidder

Deals

£ 866 M

Total Value

Vendor Team (1)

ken murphy

CEO at TESCO PLC

Manager

vendor

Deals

£ 85 M

Total Value

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