SCHRODER EUROPEAN REAL ESTATE INVESTMENT TRUST PLC - Schroder European Reit Acquires Highly Sustainable Warehouse In Alkmaar, The Netherlands

Schroder European Reit Acquires Highly Sustainable Warehouse In Alkmaar, The Netherlands

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
("the Company")

20 March 2023

                 Schroder European Real Estate Investment Trust Plc

         SCHRODER EUROPEAN REIT ACQUIRES HIGHLY SUSTAINABLE WAREHOUSE IN
              ALKMAAR, THE NETHERLANDS, WITH 20 YEAR TRIPLE NET LEASE

Schroder European Real Estate Investment Trust Plc (the "Company"), the company
investing in European growth cities, announces that it has acquired, via a sale and
leaseback, a freehold industrial warehouse in Alkmaar, the Netherlands, for
approximately €11 million, reflecting a net initial yield of 5.6%.

The 9,115 sqm property is fully let to W.A. Schuurman Beheer B.V., an electrical
engineering and renewable energy specialist that has been in operation for over 100
years and serves as its headquarters and as its key distribution hub. The 20 year triple net
lease, with a break at 15 years, benefits from annual indexation.

The property, which has won a number of architectural awards for its design, has been
built to a high standard with excellent sustainability credentials, including on-site
renewable energy and an EPC rating of A+.

In line with the Company’s 'Winning Cities’ strategy, the asset is situated in Alkmaar, an
established light industrial and distribution location c. 40km north of Amsterdam in the
Randstad which is one of the Netherlands’ fastest growing regions from a population and
manufacturing perspective. Located near to the A9 motorway, it benefits from supply
constrained dynamics and excellent arterial connectivity, with direct access to Amsterdam
as well as the A1, A2 and A4, providing links to the Netherlands’ wider motorway network.

Commenting on the acquisition, Jeff O’Dwyer, Fund Manager at Schroder Capital
Real Estate commented:

"Whilst we continue to be patient in our investment strategy, this was a rare opportunity
to acquire a highly sustainable asset with a strong and visible income profile that
enhances the Company’s sector weighting, average unexpired lease term and credit
strength.

“We continue to seek ways to further diversify by both number of assets and tenants, as
well as increasing our allocation to high growth pockets of the industrial sector via
selective acquisitions. As well as increasing the portfolio industrial weighting from 25% to
29%, this investment deploys a portion of the proceeds from the sale of Paris Boulogne
Billancourt in 2022 as part of our strategy to improve dividend cover.”
Enquiries:

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

Shilla Pindoria
Schroder Investment Management Limited                        Tel: 020 7658 6000

Dido Laurimore/Richard Gotla/Ollie Parsons                    Tel: 020 3727 1000
FTI Consulting

The Company has a primary listing on the London Stock Exchange and a secondary listing on
the JSE Limited.

JSE Sponsor
PSG Capital

Date: 20-03-2023 09:00:00
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