REG - Schroder Euro Real - Property Portfolio Valuation

Schroder European Real Estate Investment TrustAnnouncement

11/07/2025 07:00

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RNS Number : 6162Q  Schroder Eur Real Est Inv Trust PLC  11 July 2025

11 July 2025

 

SCHRODER EUROPEAN REAL ESTATE INVESTMENT TRUST PLC

 

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

 

PROPERTY PORTFOLIO VALUATION

 

RESILIENT PORTFOLIO VALUES SUPPORTED BY ASSET MANAGEMENT INITIATIVES

 

Schroder European Real Estate Investment Trust plc, the Company investing in
real estate in European growth cities, today provides an update on the
independent valuation of the property portfolio as at 30 June 2025.

 

·    The property portfolio was independently valued at €193.9 million
with total portfolio values remaining resilient, with robust industrial
portfolio valuations and an uplift in Berlin offsetting declines in other
sectors, primarily driven by shortening lease terms.

·    The uplift in the value of the Company's Berlin DIY asset by €1.0
million, or 3.8%, was driven by the successful completion of a new 12-year
lease extension with its sole tenant, Hornbach, which is the second largest
tenant in the Company's portfolio by income.

·    Robust industrial valuations in both France and the Netherlands
(€0.4 million, or +0.5%) continued to offset declines in the office
portfolio (-€1.2 million, or -1.5%), predominantly linked to the Paris
asset, and in the alternatives portfolio (-0.3 million, or -1.7%), primarily
from the value of the mixed-use data centre in Apeldoorn declining by €0.5
million, or -3.6%.

·    In France, valuations were impacted by recent budgetary adjustments
resulting in transfer taxes increasing 0.5%.

·    As previously advised, in line with best practice and governance, the
Company has changed valuers from Knight Frank to Savills effective from 30
June 2025.

 

-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

 Dido Laurimore/Richard Gotla/Ollie Parsons                                   Tel: 020 3727 1000

 FTI Consulting

 

 

 

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