Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

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

Share Price Information for Schroder Eur.r (SERE)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 65.20
Bid: 65.20
Ask: 66.20
Change: -0.60 (-0.91%)
Spread: 1.00 (1.534%)
Open: 65.00
High: 66.00
Low: 65.00
Prev. Close: 65.80
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.

Find out More

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Acquisition of Warehouse in the Netherlands

20 Mar 2023 07:00

RNS Number : 4410T
Schroder Eur Real Est Inv Trust PLC
20 March 2023
 

20 March 2023

 

Schroder European Real Estate Investment Trust Plc

SCHRODER EUROPEAN REIT ACQUIRES HIGHLY SUSTAINABLE WAREHOUSE IN ALKMAAR, THE NETHERLANDS, WITH 20 YEAR TRIPLE NET LEASE

Schroder European Real Estate Investment Trust Plc (the "Company"), the company investing in European growth cities, announces that it has acquired, via a sale and leaseback, a freehold industrial warehouse in Alkmaar, the Netherlands, for approximately €11 million, reflecting a net initial yield of 5.6%.

 

The 9,115 sqm property is fully let to W.A. Schuurman Beheer B.V., an electrical engineering and renewable energy specialist that has been in operation for over 100 years and serves as its headquarters and as its key distribution hub. The 20 year triple net lease, with a break at 15 years, benefits from annual indexation.

 

The property, which has won a number of architectural awards for its design, has been built to a high standard with excellent sustainability credentials, including on-site renewable energy and an EPC rating of A+.

 

In line with the Company's 'Winning Cities' strategy, the asset is situated in Alkmaar, an established light industrial and distribution location c. 40km north of Amsterdam in the Randstad which is one of the Netherlands' fastest growing regions from a population and manufacturing perspective. Located near to the A9 motorway, it benefits from supply constrained dynamics and excellent arterial connectivity, with direct access to Amsterdam as well as the A1, A2 and A4, providing links to the Netherlands' wider motorway network.

 

Commenting on the acquisition, Jeff O'Dwyer, Fund Manager at Schroder Capital Real Estate commented:

 

"Whilst we continue to be patient in our investment strategy, this was a rare opportunity to acquire a highly sustainable asset with a strong and visible income profile that enhances the Company's sector weighting, average unexpired lease term and credit strength.

 

"We continue to seek ways to further diversify by both number of assets and tenants, as well as increasing our allocation to high growth pockets of the industrial sector via selective acquisitions. As well as increasing the portfolio industrial weighting from 25% to 29%, this investment deploys a portion of the proceeds from the sale of Paris Boulogne Billancourt in 2022 as part of our strategy to improve dividend cover."

 

 

 

 

Enquiries:

 

Jeff O'Dwyer

Schroder Real Estate Investment Management Limited Tel: 020 7658 6000

 

Shilla Pindoria

Schroder Investment Management Limited Tel: 020 7658 6000

 

Dido Laurimore/Richard Gotla/Ollie Parsons 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.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
ACQNKFBBQBKDBND
Date   Source Headline
6th Dec 20177:00 amRNSAnnual Financial Report
17th Nov 20171:30 pmRNSUpdate on management
14th Nov 20177:00 amRNSNotice of Results
10th Nov 20173:05 pmRNSHolding(s) in Company
21st Sep 20177:00 amRNSCompletion of New Lettings in Paris
21st Aug 20173:00 pmRNSNotice of dividend currency exchange rate (GBP)
7th Aug 20173:00 pmRNSNotice of dividend currency exchange rate (rand)
2nd Aug 20173:45 pmRNSHolding(s) in Company
25th Jul 20177:00 amRNSAnnouncement of NAV and dividend
26th Jun 20172:30 pmRNSNOTICE OF DIVIDEND CURRENCY EXHANGE RATE(STERLING)
13th Jun 20171:00 pmRNSNotice of dividend currency exchange rate (rand)
25th May 20177:01 amRNSDividend Declaration
25th May 20177:00 amRNSHalf-year Report
23rd May 20177:00 amRNSAcquisition of Shopping Centre in Seville, Spain
16th May 20177:00 amRNSNotice of Half Year Results
22nd Mar 20172:30 pmRNSHolding(s) in Company
6th Mar 201712:30 pmRNSNotice Of Dividend Currency Exchange Rate
28th Feb 20172:00 pmRNSChange in SA Dividend Withholding Tax Rate
21st Feb 20171:30 pmRNSDividend Currency Exchange Rate (SA Rand)
8th Feb 20173:00 pmRNSAGM Statement
2nd Feb 20179:51 amRNSAcquisition
27th Jan 20179:00 amRNSInvestor Event
16th Jan 20172:05 pmRNSNOTICE OF DIVIDEND CURRENCY EXHANGE RATE
3rd Jan 20172:00 pmRNSDIVIDEND CURRENCY EXCHANGE RATE (SA RAND)
23rd Dec 20169:15 amRNSHolding(s) in Company
14th Dec 20167:21 amRNSDividend Declaration
14th Dec 20167:20 amRNSFinal Results
1st Nov 20163:30 pmRNSHolding(s) in Company
1st Nov 201611:30 amRNSTotal Voting Rights
28th Oct 20161:00 pmRNSAcquisition
26th Oct 20164:02 pmRNSHolding(s) in Company
24th Oct 20167:00 amRNSAnnouncement of Results of Placing
20th Oct 201610:08 amRNSAnnouncement of Placing Price
10th Oct 20167:00 amRNSProposed Placing
16th Sep 20164:36 pmRNSPrice Monitoring Extension
23rd Aug 20163:00 pmRNSNotice of Dividend Currency Exchange Rate
17th Aug 20167:00 amRNSNew German Debt Facilities Secured
15th Aug 201612:00 pmRNSNotice of Dividend Currency Exchange Rate
4th Aug 20167:00 amRNSFirst Tranche of Debt Financing Secured
29th Jul 20164:00 pmRNSNet Asset Value(s)
28th Jun 20164:55 pmRNSAcquisition
2nd Jun 20167:30 amRNSAcquisition
2nd Jun 20167:00 amRNSHalf-year Report
28th Apr 20162:30 pmRNSAcquisition
11th Apr 20162:30 pmRNSAcquisition
1st Apr 20163:00 pmRNSAcquisition
31st Mar 20163:30 pmRNSAcquisition
31st Mar 20163:30 pmRNSReduction of the Share Premium Account
7th Mar 20163:00 pmRNSHolding(s) in Company
29th Feb 20162:00 pmRNSTotal Voting Rights

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.