SCHRODER EUROPEAN REAL ESTATE INV TRUST PLC - Acquisition Of An Office Property In Paris

Acquisition Of An Office Property In Paris

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


                                                                               28 October 2016


                        ACQUISITION OF AN OFFICE PROPERTY IN PARIS

Following the successful equity placing on 28 October 2016, the Board of Schroder
European Real Estate Investment Trust Plc (the "Company") announces the exchange of
contracts for the purchase of a €30.1 million office property located in Saint Cloud, Paris,
reflecting a net initial yield of 9.5%. The asset is fully income producing and comprises part of
an established office complex in Saint Cloud, a densely populated mixed use area in the
west of Paris. The new Grand Paris public transport connection will be completed alongside
the building in 2025, which is expected to provide significantly improved accessibility to this
part of Paris.

The investment is fully in line with the Company's strategy to acquire income producing
assets in winning cities, let off sustainable rents and in locations that benefit from constrained
supply, multiple competing uses and where there are significant infrastructure improvements.
Commenting on the acquisition, Sir Julian Berney, Non-Executive Chairman of the Company
commented:

"This is the Company’s eighth investment and our second in Paris, the largest and most
liquid commercial real estate market in Continental Europe. We continue to identify attractive
investment opportunities in our target markets and deploy capital consistent with strategy.
We are pleased to add to our existing office exposure in Paris and regard this investment as
complimentary to the portfolio, particularly in tenant diversity and at a return profile that is
accretive to income distribution."

The purchase is subject to a waiver of the statutory pre-emption rights in France and is
therefore expected to complete at the end of December 2016.


Enquiries:

Duncan Owen/Tony Smedley
Schroder Real Estate Investment Management Limited                    Tel: 020 7658 6000


Ria Vavakis
Schroder Investment Management Limited                                Tel: 020 7658 2371

JSE Sponsor: PSG Capital Proprietary Limited

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