REG - Schroder Euro Real - Asset Management Update

Schroder European Real Estate Investment TrustAnnouncement

05/03/2026 07:00

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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                                                   Tel: 020 7658 6000

 Schroder Real Estate Investment Management Limited

 Natalia de Sousa                                                Tel: 020 7658 6000

 Schroder Investment Management Limited

 Richard Gotla/Oliver Parsons                                    Tel: 020 3727 1000

 FTI Consulting

 

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