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

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