SCHRODER EUROPEAN REAL ESTATE INV TRUST PLC - Acquisition of A Convenience Retail Property Located In Germany

Acquisition of A Convenience Retail Property Located In 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

                                                                                      28 April 2016

ACQUISITION OF A CONVENIENCE RETAIL PROPERTY LOCATED IN GERMANY


The Board of Schroder European Real Estate Investment Trust plc (the "Company")
announces the Company's fifth investment since listing on 9 December 2015. Contracts have
been signed for the purchase of a convenience retail property located in Germany. The asset
is a grocery supermarket anchored, multi-let convenience retail centre located in a growing
inner urban region of Frankfurt am Main. The asset was built in 2004 and modernised in
2015 and comprises 4,525 sqm of lettable area. The investment is anchored by a 1,600 sqm
Lidl supermarket with an initial lease term exceeding 10 years. The combined weighted
average unexpired lease term of all leases is approximately 8 years. The investment was
acquired for €11.05 million, reflecting a net initial yield of 5.6%. The acquisition is fully in line
with the strategy of investing in defensive, income producing assets in major cities with the
potential for long term growth.

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

"Acquiring good retail assets in prime German cities is challenging and competitive, hence
being able to secure this long let investment within a growing urban area of Germany's
financial capital is a credit to our local sourcing capabilities. This investment takes the
Company's committed capital deployment to approximately €110 million at a blended net
initial yield of approximately 5.9%".

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

"Convenience retail in growth cities is a key target of the Company given its relative
resilience in a rapidly changing retail environment. Lidl is the key anchor tenant on this
scheme and we have plans to change tenant mix over time to further improve footfall".

The purchase is subject to the standard land registry notification and is therefore expected to
complete during June 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: 28/04/2016 03:30:00 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.