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LXi REIT provides forward funding for the development of a new food store in Chard

The Board of LXi REIT has exchanged contracts to provide forward funding for the development of a new food store in Chard, Somerset, pre-let to Lidl UK GmbH. The development represents an investment of €6.2 million (£5.5 million), reflecting a net initial yield of 5.75% (net of acquisition costs[…]