SCHRODER EUROPEAN REAL ESTATE INVESTMENT TRUST PLC - Completion of Acquisitions

Completion of Acquisitions

Schroder European Real Estate Investment Trust PLC
(Incorporated in England and Wales)
Registration number: 09382477
JSE Share Code: SCD
LSE Ticker: SERE
ISIN number: GB00BY7R8K77

                                                                                    25 September 2018

Completion of acquisitions

Schroder European Real Estate Investment Trust plc ("SERE" or the "Company"), the company
investing in European growth cities, has completed the purchase, in separate transactions, of three
Netherlands industrial assets, for €19.8 million, reflecting a combined net initial yield of 6.5%, as
announced on 21 August 2018.

SERE’s portfolio currently comprises 12 properties with a value of approximately €222 million. The
portfolio will generate contracted rents of €16.1 million with an average unexpired lease term to first
break and expiry of 5.1 years and 6.7 years (per end of June 2018). The acquisitions provide further
sector diversification, with the portfolio having the following allocations; 49% office, 29% retail, 13%
industrial and 9% mixed use. Following these acquisitions, SERE has a remaining investment capacity of
approximately €15 million.

Enquiries:

Duncan Owen/Jeff O’Dwyer
Schroder Real Estate Investment Management Limited                               Tel: 020 7658 6000

Ria Vavakis
Schroder Investment Management Limited                                           Tel: 020 7658 2371

Dido Laurimore/Richard Gotla/Methuselah Tanyanyiwa                               Tel: 020 3727 1000
FTI Consulting

JSE Sponsor
PSG Capital

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