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  2. Share Prices
  3. Schroder Eur.r Share Price
  4. Schroder Eur.r Share Regulatory News
  5. Acquisition

Pin to quick picksSchroder Eur.r Regulatory News (SERE)

Schroder Eur.r Information

Share Price Information for Schroder Eur.r (SERE)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 62.00
Bid: 61.00
Ask: 63.20
Change: 0.60 (0.98%)
Spread: 2.20 (3.607%)
Open: 62.00
High: 62.00
Low: 62.00
Prev. Close: 61.40
SERE Live PriceLast checked at -
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.

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Acquisition

2 Jun 2016 07:30

RNS Number : 9562Z
Schroder Eur Real Est Inv Trust PLC
02 June 2016
 

 

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

This information is provided by RNS
The company news service from the London Stock Exchange
 
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