SCHRODER EUROPEAN REAL ESTATE INV TRUST PLC - Acquisition - Completion Of The Purchase Of The Convenience Retail Property Located In Frankfurt AM Main Germany
SCD 201606020008A
Acquisition - Completion Of The Purchase Of The Convenience Retail Property Located In Frankfurt AM Main, 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
2 June 2016
ACQUISITION - COMPLETION OF THE PURCHASE OF THE CONVENIENCE RETAIL
PROPERTY LOCATED IN FRANKFURT AM MAIN, GERMANY
Further to the announcement on 28 April 2016, the Board of Schroder European Real Estate
Investment Trust plc (the "Company") confirms completion of the purchase of the
convenience retail property located in Rodelheim (Frankfurt) at a purchase price of ?11.05
million reflecting a net initial yield of 5.6%. The investment is well located in a growing inner
urban area of Frankfurt am Main and is anchored by a 1,600 sqm Lidl supermarket with an
initial lease term exceeding 10 years.
The Company now owns a portfolio of five investments in its key target markets of France
and Germany and continues to pursue negotiations on a number of other potential
transactions.
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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