SCHRODER EUROPEAN REAL ESTATE INV TRUST PLC - Acquisition - Completion of The Purchase Of A Retail Warehouse Property Located In Berlin Germany
SCD 201604010052A
Acquisition - Completion of The Purchase Of A 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 April 2016
ACQUISITION - COMPLETION OF THE PURCHASE OF A RETAIL WAREHOUSE
PROPERTY LOCATED IN BERLIN, GERMANY
Further to the announcement on 1 February 2016 regarding notarisation of the purchase of a
retail warehouse property located in Berlin, Germany, the Board of Schroder European Real
Estate Investment Trust Plc (the "Company") confirms completion of the purchase at a price
of €24.25 million reflecting a net initial yield of 6.2%. The asset is fully let to a leading DIY
specialist, on a triple net basis with a remaining lease term of almost 10 years. The asset is
situated on a large prominent site in an established and growing southern suburb of Berlin.
The Company now owns a portfolio of two assets acquired at a total purchase price of €61.8
million. As previously announced the Company has also committed to acquire an additional
two assets having a total purchase price of €28.9 million. 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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