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London Stock Exchange

Share Price is delayed by 15 minutes

Share Price: 63.00

Bid: 63.00

Ask: 64.00

Change: 0.00 (0.00%)

Spread: 1.00 (1.587%)

Open: 63.00

High: 63.00

Low: 63.00

Prev. Close: 63.00

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Schroder European Real Estate is an Investment Trust

To provide Shareholders with a regular and attractive level of income return together with the potential for long term income and capital growth through investing in commercial real estate in Continental Europe.

Schroder European REIT Buys Berlin Retail Property For EUR24.3 Million

Mon, 01st Feb 2016 09:26

LONDON (Alliance News) - Schroder European Real Estate Investment Trust PLC on Monday said it has paid EUR24.3 million to acquire the freehold on a retail warehouse property in Berlin.

The trust said the purchase price for the property reflects a net initial yield of 6.2%.

The building is let to a leading, unnamed DIY company and is located in the southern suburbs of the German capital.

Shares in the trust were down 0.3% to 109.88 pence Monday.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2016 Alliance News Limited. All Rights Reserved.

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