MergerLinks Header Logo

Announced

LXi REIT failed to acquire 18 stores in southern England from Sainsbury's for $531m.

Synopsis

LXi REIT, a real estate investment trust, failed to acquire 18 stores in southern England from Sainsbury's, a chain of supermarkets, for $531m. "LXi REIT has this morning announced that given current stock market volatility it is not proceeding with the share issue that would have part-funded the transaction. Hence we are no longer in discussions to sell these stores to LXi REIT," Sainsbury's

Show Details & Financials

Market Context

Sort

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US