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DWF advises on five acquisitions valued at £109m for top real estate investment trust company

01 November 2018
Real Estate Sector
"Each of the five investments represent high quality deals"

DWF is advising leading real estate investment trust company, LXi REIT, on a number of high-profile transactions across the UK, totalling £109m.

Following a £175m capital fundraising earlier in October, LXi REIT has acquired a £60m 121-acre car storage facility in Northamptonshire, a £4.3m discount store in Carlisle and a £30m Jury's Inn Hotel in Plymouth. The deals also include forward-funding of two developments in Scotland; the £8.5m pre-let development of a Lidl food store and B&M discount store in East Fife and the £6.6m pre-let development of a 70-bedroom Travelodge hotel in Edinburgh.

Laurence Applegate, corporate partner at DWF and a team including senior associate Darren Ormsby and real estate director James Froud has provided the legal advice on each deal. The transactions range across a number of sub-sectors and will deliver further value to investors. 

Laurence Applegate said: "Each of the five investments represent high quality deals which are set to provide strong yields for our client. We're pleased to draw on our diverse M&A capabilities to advise LXi REIT as they continue to deliver on their impressive acquisition and funding strategy."

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