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."
