SCHRODER EUROPEAN REAL ESTATE INVESTMENT TRUST PLC - Completion of Acquisition

Release Date: 07/08/2018 08:00
Code(s): SCD
 
Wrap Text
Completion of Acquisition

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

7 August 2018

                            Completion of Acquisition

Schroder European Real Estate Investment Trust Plc ("SERE" or the "Company"), the company
investing in European growth cities, has completed the purchase of a freehold logistics property
in Rumilly, France for €8.6 million, as announced on 21 June 2018.

The 16,700 sqm warehouse was acquired off a net initial yield of 7% and is fully let to a strong
covenant, a subsidiary of the global food and drink manufacturer Nestlé, with an unexpired
lease term of c. 7.5 years. In line with the Company's winning centres strategy, it is located in a
region whose economy is forecast to grow faster than the national average1 and is leased off
affordable / sustainable rents, in an area where there is limited supply.

Oxford Economics 2018
1



Enquiries:

Duncan Owen/Jeff O’Dwyer
Schroder Real Estate Investment Management Limited                  Tel: 020 7658 6000

Ria Vavakis
Schroder Investment Management Limited                              Tel: 020 7658 2371

Dido Laurimore/Richard Gotla/Methuselah Tanyanyiwa          Tel: 020 3727 1000
FTI Consulting

JSE Sponsor
PSG Capital

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