Schroder Real Estate Key Letting at Swindon Industrial Estate

 
TIDMSREI 
 
For release 23 May 2018 
 
                 Schroder Real Estate Investment Trust Limited 
 
                   KEY LETTING AT SWINDON INDUSTRIAL ESTATE 
 
Schroder Real Estate Investment Trust ('SREIT'), the actively managed 
UK-focused REIT, announces that it has exchanged an agreement to lease a 25,677 
sq ft warehouse unit to Recycling Technologies Limited at Stirling Court in 
Swindon. 
 
The lease is conditional on SREIT refurbishing the unit at a cost of GBP220,000 
which should complete by August. On completion Recycling Technologies Limited 
will take a new 10 year lease at GBP166,000 per annum or GBP6.50 per sq ft, with a 
tenant break option at year five. The tenant has provided a GBP100,000 rent 
deposit. 
 
The rent is 23% above the level paid by the previous tenant and reflects strong 
demand for good quality industrial units. The rental evidence created by this 
letting will be used for an ongoing rent review for a comparable adjoining 
unit. 
 
                                    -ENDS- 
 
For further information: 
 
Schroder Real Estate Investment Management 
Limited:                                     020 7658 6000 
Duncan Owen / Nick Montgomery / Frank 
Sanderson 
 
Northern Trust: 
Fraser Hiddelston                            01481 745529 
 
FTI Consulting: 
Dido Laurimore / Richard Gotla               020 3727 1000 
 
 
 
END 
 

(END) Dow Jones Newswires

May 23, 2018 02:00 ET (06:00 GMT)