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SREI updates on new lettings

08 July 2016 09:17

Schroder Real Estate Investment Trust has secured a number of new lettings.

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.

At 9:17am: (LON:SREI) Schroder Real Estate IT share price was +0.75p at 47.25p

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