LXI REIT plc (LSE:LXI) acquired A Portfolio of Seven Co-Op Foodstores from a mortgagee for £0.6 million on November 26, 2020. Portfolio includes Co-Op foodstores in Blackpool, Glasgow, Pontypridd, Sandbach, Southport, Wallasey and Wrexham. In a related transactions, LXI REIT also acquired four other Foodstores and two discount stores. The combined cost of all the acquisitions are £61 million. Luke Simpson and Liz Yong of Peel Hunt LLP and Ed Matthews and Tom Yeadon of Jefferies International Limited acted as financial advisors to LXI REIT.

LXI REIT plc (LSE:LXI) completed the acquisition of A Portfolio of Seven Co-Op Foodstores from a mortgagee on November 26, 2020.