SCHRODER EUROPEAN REAL ESTATE INV TRUST PLC - Acquisition of Freehold Office Property

Acquisition of Freehold Office Property

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
                                                                22 December 2015

              ACQUISITION OF FREEHOLD OFFICE PROPERTY LOCATED
                  IN BOULOGNE-BILLANCOURT (PARIS), FRANCE

The Board of Schroder European Real Estate Investment Trust Plc (the “Group") is
pleased to announce exchange of contracts for the purchase of a €37.5 million 
freehold office property located in Boulogne-Billancourt (Paris), France at a net
initial yield of 5.7%. The asset is fully income producing and has a prominent 
location in Boulogne-Billancourt, a densely populated and established office area
in western Paris. The acquisition is fully in line with the strategy to acquire
institutional grade, income producing assets in major cities let off sustainable
rents and in supply constrained locations.

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

“We have secured the Group’s first investment soon after launch. The acquisition
is fully in line with the strategy to own institutional grade, income producing 
assets in major cities”.

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

“Paris is the largest and most liquid commercial real estate market in 
Continental Europe and a key target market of the Group. This is a strong start 
to the deployment of initial equity and consistent with our strategic objective
to acquire assets with growth potential, let off sustainable rents and in supply
constrained locations”.

The purchase is subject to a waiver of statutory pre-emption rights in the French
market and is therefore expected to complete at the end of the March 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

Date: 22/12/2015 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.