SCHRODER EUROPEAN REAL ESTATE INV TRUST PLC - Acquisition of a Freehold Retail Warehouse Property Located in Berlin, Germany

Acquisition of a Freehold Retail Warehouse Property Located in Berlin, 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

                                                               1 February 2016


     ACQUISITION OF A FREEHOLD RETAIL WAREHOUSE PROPERTY LOCATED
                           IN BERLIN, GERMANY


Following the listing on 9 December 2015 and the recent exchange of contracts for
the acquisition of the Boulogne-Billancourt (Paris) office investment, the Board
of Schroder European Real Estate Investment Trust Plc (the "Company") announces 
the Company’s second exchange of contracts for the purchase of a €24.25 million 
freehold retail warehouse property located in Germany's capital, Berlin, at a net
initial yield of 6.2%. The asset is fully income producing and let to a leading 
DIY specialist, on a triple net basis with an unexpired lease term of c. 10 
years. The site is in excess of 4 hectares in an established and growing southern
suburb of Berlin. The micro location benefits from a broad range of uses 
including residential, business, industrial and retail trade.

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

"We are delighted to have secured the Company's second investment soon after 
launch. The acquisition is fully in line with the strategy to deliver long term 
sustainable income in major cities with a strong bias to France and Germany".

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

"Across our business we have been active investors in Berlin, driven by our 
conviction of its growth potential relative to the domestic economy. The addition
of this retail warehouse in such a dynamic city to our first investment in Paris
could not be a better start for the Company in building a high quality, 
diversified portfolio in growth markets".

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 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

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