SCHRODER EUROPEAN REAL ESTATE INV TRUST PLC - Acquisition of two freehold office investments located in Stuttgart and Hamburg, Germany

Acquisition of two freehold office investments located in Stuttgart and Hamburg, Germany

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


                                                                              16 February 2016

ACQUISITION OF TWO FREEHOLD OFFICE INVESTMENTS LOCATED IN STUTTGART
                       AND HAMBURG, GERMANY


The Board of Schroder European Real Estate Investment Trust Plc (the "Company")
announces the Company's third investment since listing on 9 December 2015. Contracts
have been exchanged for the purchase of two office buildings located in Germany's leading
office markets Stuttgart and Hamburg, for a total of €28.9 million at a blended net initial yield
of 6.0%. The assets are fully income producing and multi-let to a combination of
governmental and private sector tenants, with an average unexpired lease term of c. 8.5
years. Both properties have either been constructed or substantially refurbished in the last
decade, are located in established office sub-markets and are well connected to public
transport.

Commenting on the acquisition, Sir Julian Berney, Non-Executive Chairman of the Company
commented:

"We are delighted to have committed to acquire these office assets located in key German
cities. They add important scale, diversification and long income characteristics to the
portfolio. Progress in committing the initial equity has been swift and we look forward to
growing the portfolio in due course.”

Tony Smedley, Head of Continental European Investment at Schroder REIM commented:

“These two office investments reinforce our focus on growth cities and regions in the major
economies of Continental Europe. Within the first quarter following launch, the Company has
committed to acquire four institutional grade office and retail investments, totalling c. €100m
in gross value, demonstrating our capability to originate good quality assets at yields
consistent with our objectives.”

The purchase is subject to a waiver of the local authority's statutory pre-emption right and
standard land registry notification and is therefore expected to complete at the beginning of
April 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

Sponsor: PSG Capital Proprietary Limited

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