Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSchroder Real Regulatory News (SREI)

Share Price Information for Schroder Real (SREI)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 41.90
Bid: 41.85
Ask: 42.80
Change: 0.00 (0.00%)
Spread: 0.95 (2.27%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 41.90
SREI Live PriceLast checked at -
Schroder Real Estate is an Investment Trust

To provide the shareholders with an attractive level of income, together with the potential for income and capital growth, from investing in a diversified portfolio of UK commercial real estate.

Find out More

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

New lettings secured in Sheffield and Edinburgh

8 Jul 2016 09:07

SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED - New lettings secured in Sheffield and Edinburgh

SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED - New lettings secured in Sheffield and Edinburgh

PR Newswire

London, July 8

8 July 2016

Schroder Real Estate Investment Trust Limited(the “Company”)

NEW LETTINGS SECURED IN SHEFFIELD AND EDINBURGH 

Demand for commercial space in ‘winning’ UK cities remains

Schroder Real Estate Investment Trust (the “Company”), the actively managed UK-focused REIT, announces that it has secured a number of new lettings. These lettings are consistent with the Company’s strategy of actively managing its portfolio to maximise value and deliver sustainable income growth. The portfolio has a focus on strong tenant covenants with assets located in higher growth locations and winning cities.

The Company has completed a seven year lease with solicitors Irwin Mitchell for over 39,000 sq ft at a rent of £555,000 per annum at its Riverside West office complex in Sheffield. Also, at Haston House in Edinburgh, the Company has exchanged an agreement for a new letting to Quotient Clinical Limited for a new five year lease at £65,000 per annum.

At the Arndale Shopping Centre in Leeds, planning consent has now been received for a new hotel that is pre-let to Premier Inn on a 20 year lease at £412,800 per annum. The construction works are proceeding and the lease should complete in the second quarter of 2017.

The Company’s investment strategy remains focussed on winning cities and towns, meaning those with a competitive advantage in terms of:

Higher levels of GDP, employment and population growth; Well developed infrastructure; and Being places where people want to live as well as work.

The Company has engaged in positive conversations with new and existing tenants since the referendum result and these lettings are just two examples of continuing tenant demand across the portfolio.

The Company remains well positioned, with active management supporting its ability to deliver long term sustainable earnings growth for shareholders. The business has a stable balance sheet with low levels of long term debt and no refinancing events for several years. It also has no exposure to the City of London, Canary Wharf or European financial institutions as tenants, which could be the most impacted by the uncertainty arising from the UK’s exit from the EU. As a consequence, the Company is performing in line with its business plan, whilst continuing to be vigilant for any impact as well as opportunities which may arise following the referendum.

For further information:

Schroder Real Estate Investment Management Limited: Duncan Owen / Nick Montgomery020 7658 6000
Northern Trust: David Sauvarin01481 745529
FTI Consulting: Dido Laurimore / Ellie Sweeney020 3727 1000
Date   Source Headline
13th Mar 20244:44 pmRNSHolding(s) in Company
8th Mar 20245:01 pmRNSHolding(s) in Company
6th Mar 20245:46 pmRNSHolding(s) in Company
6th Mar 20245:42 pmRNSHolding(s) in Company
29th Feb 20242:13 pmRNSInvestor Presentation
27th Feb 20247:00 amRNSNAV and Dividend for Quarter to 31 December 2023
26th Jan 20245:02 pmRNSQuotedData's Weekly News & Interview
26th Jan 20244:23 pmRNSQuotedData's Weekly News & Interview
15th Dec 20231:03 pmRNSResult of EGM
11th Dec 202312:13 pmRNSHolding(s) in Company
21st Nov 20238:35 amRNSWebinar details
21st Nov 20237:01 amRNSDividend Announcement for the Quarter to 30 Sep 23
21st Nov 20237:00 amRNSPublication of circular and notice of EGM
21st Nov 20237:00 amRNSInterim Results for the period ended 30 Sept 2023
1st Nov 20237:00 amRNSNon-Executive Director Change
18th Oct 20234:08 pmRNSInvestor Presentation
27th Sep 20234:54 pmRNSResult of AGM
26th Sep 20234:47 pmRNSHolding(s) in Company
22nd Sep 20237:00 amRNSNotice of Results
8th Sep 202311:21 amRNSHolding(s) in Company
27th Jul 20232:43 pmRNSAnnual Report for year ended 31 March 2023
27th Jul 20232:11 pmRNSInvestor Presentation
27th Jul 20237:00 amRNSNAV and Dividend for the Quarter to 30 June 2023
8th Jun 20236:26 pmRNSDividend PID Status
8th Jun 202311:29 amRNSHolding(s) in Company
8th Jun 20237:01 amRNSDividend Declaration
8th Jun 20237:00 amRNSFull Year Results for the year ended 31 March 2023
2nd Jun 202311:18 amRNSInvestor Presentation
2nd May 20239:00 amRNSNotice of Full Year Results
20th Apr 202310:12 amRNSDirector Declaration
10th Mar 20232:12 pmRNSDirector/PDMR Shareholding
1st Mar 20234:34 pmRNSHolding(s) in Company
3rd Feb 20234:13 pmRNSInvestor Presentation
3rd Feb 20237:00 amRNSNAV and Dividend for the quarter to 30 Dec 2022
12th Dec 20227:00 amRNSKepler Trust Intelligence: New Research
1st Dec 20224:41 pmRNSHolding(s) in Company
16th Nov 20227:01 amRNSDividend Declaration
16th Nov 20227:01 amRNSDirectorate Change
16th Nov 20227:00 amRNSInterim results for the period ended 30 September
19th Oct 20227:00 amRNSInvestor Presentation
12th Oct 20227:00 amRNSNotice of Half Year Results
30th Sep 20224:53 pmRNSTotal Voting Rights
21st Sep 20224:10 pmRNSResult of AGM
15th Sep 20225:34 pmRNSTransaction in Own Shares
14th Sep 20225:18 pmRNSTransaction in Own Shares
13th Sep 20225:21 pmRNSTransaction in Own Shares
12th Sep 20225:33 pmRNSTransaction in Own Shares
9th Sep 20225:33 pmRNSTransaction in Own Shares
8th Sep 20225:29 pmRNSTransaction in Own Shares
7th Sep 20226:00 pmRNSTransaction in Own Shares

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.