UK's Sainsbury's agrees 500 million stg sale of stores to LXi REIT
09/22/2022 | 02:16am EDT
LONDON (Reuters) - British supermarket group Sainsbury's has exchanged contracts with LXi REIT on a deal to sell 18 stores in southern England for 500 million pounds ($562 million), the property investor said on Thursday.
The companies had said on Wednesday that they were in talks on a sale and leaseback deal.
($1 = 0.8897 pounds)
(Reporting by James Davey; Editing by Kate Holton)