skip to content


Schroder European Real Estate buys two German offices

11 April 2016 14:40

Schroder European Real Estate Investment Trust has completed the purchase of two office investments located in Stuttgart and Hamburg (Germany) at a total price of EUR28.9 million reflecting a blended net initial yield of 6.0%.

The assets are fully let with an average unexpired lease term of over 8 years.

Both properties provide efficient and modern office accommodation, are located in established office sub-markets and are well connected to public transport. The company now owns a portfolio of four assets acquired at a total purchase price of EUR90.7 million reflecting a blended net initial yield of 5.9% and a blended unexpired lease term of 7.5 years.

The company continues to pursue negotiations on a number of other potential transactions however no firm commitments have been made as at the date of this announcement.

At 2:40pm: (LON:SERE) Schroder European Real Estate Investment Trust Plc Ord Gbp0.10 share price was 0p at 107.25p

Story provided by

Related Company: SERE

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

Bluezest Aviva Aberdeen

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.