LONDON (Reuters) – British supermarket group Sainsbury’s is in talks to sell 18 stores in southern England to property investor LXi REIT for about 500 million pounds ($568 million).
LXi REIT said on Wednesday it was in talks with the grocer over a sale and leaseback deal, which it would seek to fund through a mix of new equity and debt.
It said it would discuss with potential investors the possibility of an equity raise to part fund the acquisition.
($1 = 0.8807 pounds)
(Reporting by James Davey; editing by William James)
