UK's Sainsbury's agrees 500 mln stg sale of stores to LXi REIT

LXi REIT

22/09/2022 07:13

LONDON, Sept 22 (Reuters) - British supermarket group
Sainsbury's  SBRY.L  has exchanged contracts with LXi REIT
 LXIL.L  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)
 ((james.davey@thomsonreuters.com))