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Asset Management Update

5 Mar 2026 07:00

RNS Number : 3666V
Schroder Eur Real Est Inv Trust PLC
05 March 2026
 

5 March 2026

 

SCHRODER EUROPEAN REAL ESTATE INVESTMENT TRUST PLC

("SEREIT" or the "Company" and, together with its subsidiaries, the "Group")

 

ASSET MANAGEMENT UPDATE

 

LEASE EXTENSIONS IMPROVING INCOME SECURITY

 

Schroder European Real Estate Investment Trust plc (the "Company"), which invests in real estate across key European growth cities, today provides an asset management activity update as it continues to focus on proactive value creation and risk management across the portfolio.

 

The Company has concluded a new 10-year annually indexed lease with the State of Baden-Württemberg for 4,784 sqm of office space at its Stuttgart property in Germany (c. 5% / ?0.9 million of portfolio income), reflecting an 18% increase to the previous passing.

 

At its Rumilly logistics property, the Company has agreed heads of terms on a seven/ten-year term lease extension with the sole tenant (c. 5% of portfolio income). Further detail will be provided in due course.

 

The Company also announces that at its Alkmaar industrial property in the Netherlands (c. 5% of portfolio income), Shuurman Beheer B.V., the sole tenant, has, as a result of financial difficulties, been forced to cease operations at the asset, following which it has elected not to fulfil its lease obligations. The Company has initiated legal proceedings, including enforcement of the ?350,000 rental guarantee. Active marketing of the premises, which is located in a prominent logistics and distribution hub and features on-site renewable energy and an EPC A+ rating, has commenced with good initial interest from prospective occupiers. Further updates will be provided in due course.

 

-Ends-

Enquiries:

 

Jeff O'Dwyer

Schroder Real Estate Investment Management Limited

 

Natalia de Sousa

Schroder Investment Management Limited

 

Richard Gotla/Oliver Parsons

FTI Consulting

 

 

Tel: 020 7658 6000

 

 

 Tel: 020 7658 6000

 

 

 Tel: 020 3727 1000

 

 

 

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STRUSOVRNUUORAR
Date   Source Headline
3rd Aug 20187:00 amRNSNAV and dividend for period to 30 June 2018
9th Jul 20181:25 pmRNSDIVIDEND CURRENCY EXCHANGE RATE (STERLING)
21st Jun 20187:00 amRNSAcquisition of a French logistics asset
18th Jun 201812:00 pmRNSDIVIDEND CURRENCY EXCHANGE RATE (SA RAND)
12th Jun 20187:01 amRNSDividend Declaration
12th Jun 20187:00 amRNSHalf-year Report
31st May 20184:00 pmRNSNotice of Half Year Results
26th Mar 20182:30 pmRNSDividend Currency Exchange Rate (sterling)
5th Mar 20181:00 pmRNSDividend currency exchange rate (SA Rand)
22nd Feb 201811:01 amRNSAnnouncement of NAV and Dividend
22nd Feb 201811:01 amRNSResult of AGM
21st Feb 20187:00 amRNSAcquisition of Netherlands data centre
9th Feb 20187:00 amRNSCity BKK leases surrender agreed in Hamburg
1st Feb 20181:15 pmRNSSale of interest in French retail assets
24th Jan 201811:00 amRNSDirector Declaration
24th Jan 20189:00 amRNSHolding(s) in Company
8th Jan 20181:00 pmRNSDividend Declaration
8th Jan 20187:00 amRNSNew key tenant
18th Dec 201710:40 amRNSNEW FRENCH DEBT FACILITIES SECURED
11th Dec 201711:00 amRNSNotice of dividend currency exchange rate (rand)
6th Dec 20177:03 amRNSNotice of AGM
6th Dec 20177:02 amRNSDividend Declaration
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

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