Last checked at 
LONDON (Alliance News) - Schroder Real Estate Investment Trust Ltd on Friday said it has secured new lettings in Edinburgh and Sheffield and remains confident on its outlook post-Brexit.
The trust said it has signed a seven-year lease with solicitors Irwin Mitchell for more than 39,000 square feet at the Riverside West office complex in Sheffield. The lease has been agreed at an annual rent of GBP555,000.
In addition, it has signed a five-year lease with Quotient Clinical Ltd at Halston House in Edinburgh. Quotient will pay GBP65,000 a year for the space.
Elsewhere, the investment trust said planning consent has been secured for a new hotel at the Arndale Shopping Centre in Leeds. The new site has been pre-let to Premier Inn, the hotel operator owed by FTSE 100-listed Whitbread PLC, on a 20-year lease at GBP412,800 a year.
Schroder Real Estate Investment Trust said it remains well-positioned, with a stable balance sheet and low levels of debt on its books. It also holds no exposure to the City of London, Canary Wharf or any European financial institutions as tenants, which could prove the most impacted by the UK's vote to leave the European Union.
As a result, the trust said trading is in line with its plans, and it will be on the look out for any opportunities which could arise in the wake of the referendum result.
Shares in the trust were up 1.9% to 47.38 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.