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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Schroder European Real Estate Investment Trust Plc | LSE:SERE | London | Ordinary Share | GB00BY7R8K77 | ORD GBP0.10 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 73.00 | 71.20 | 72.80 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Investment Trust | 19.67M | -9.38M | -0.0702 | -10.40 | 97.63M |
TIDMSERE
RNS Number : 6096B
Schroder Eur Real Est Inv Trust PLC
25 September 2018
25 September 2018
Completion of acquisitions
Schroder European Real Estate Investment Trust plc ("SERE" or the "Company"), the company investing in European growth cities, has completed the purchase, in separate transactions, of three Netherlands industrial assets, for EUR19.8 million, reflecting a combined net initial yield of 6.5%, as announced on 21 August 2018.
SERE's portfolio currently comprises 12 properties with a value of approximately EUR222 million. The portfolio will generate contracted rents of EUR16.1 million with an average unexpired lease term to first break and expiry of 5.1 years and 6.7 years (per end of June 2018). The acquisitions provide further sector diversification, with the portfolio having the following allocations; 49% office, 29% retail, 13% industrial and 9% mixed use. Following these acquisitions, SERE has a remaining investment capacity of approximately EUR15 million.
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
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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September 25, 2018 02:00 ET (06:00 GMT)
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