SCHRODER EUROPEAN REAL ESTATE INV TRUST PLC - Acquisition - Completion of the Purchase of Two Office Investments Located in Stuttgart and Hamburg, Germany

Acquisition - Completion of the Purchase of Two 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

                                                                               11 April 2016


           ACQUISITION - COMPLETION OF THE PURCHASE OF TWO OFFICE INVESTMENTS
                        LOCATED IN STUTTGART AND HAMBURG, GERMANY

Further to the announcement made on 16 February 2016, the Board of Schroder European
Real Estate Investment Trust Plc (the "Company") confirms completion of the purchase of
two office investments located in Stuttgart and Hamburg (Germany) at a total price of €28.9
million reflecting a blended net initial yield of 6.0%. The assets are fully let with an average
unexpired lease term of over 8 years. Both properties provide efficient and modern office
accommodation, are located in established office sub-markets and are well connected to
public transport.

The Company now owns a portfolio of four assets acquired at a total purchase price of €90.7
million reflecting a blended net initial yield of 5.9% and a blended unexpired lease term of 7.5
years. The Company continues to pursue negotiations on a number of other potential
transactions however no firm commitments have been made as at the date of this
announcement.

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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