Schroder Real Estate Investment Management Limited
31 Gresham Street, London EC2V 7QA
Telephone +44 (0)20 7658 6000 Fax +44 (0)20 7658 6965
www.schroders.com
News Release
Schroder Real Estate acquires
convenience retail centre in Frankfurt
13 May 2016
Schroder European Real Estate Investment Trust (SEREIT) has acquired a multi-let convenience
retail property located in Frankfurt, Germany for €11 million, reflecting a net initial yield of close to 6%.
The property is a multi-let retail scheme comprising 4,525 square metres. The asset was built in 2004,
refurbished in 2015 and is located in the growing inner urban region of Frankfurt am Main. The
investment is anchored by a 1,600 square metre Lidl supermarket and the combined weighted
average unexpired lease term of all tenants is approximately 8 years. Long term asset management
opportunities exist to change the retail mix and improve footfall.
Tony Smedley, Head of Continental European Investment, Schroder Real Estate said:
“This is the fifth investment for the Schroder European Real Estate Investment Trust since it listed in
December 2015. Convenience retail in growth cities is a key target of SEREIT given its relative resilience in a
rapidly changing retail environment. The acquisition is fully in line with the strategy of investing in income
producing assets in major cities with the potential for long term growth.”
For further information, please contact:
Estelle Bibby
Tel: +44 (0)20 7658 3431/ [email protected]
Notes to Editors
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Schroder Real Estate
Schroders has managed real estate funds since 1971 and currently has £11.8 billion* (€14.8 billion/
US$16.6 billion) of gross real estate assets under management as at 31 March 2016.
Schroders plc
Registered office at above address
Reg. 3909886 England
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Schroder Real Estate Investment Management Limited
31 Gresham Street, London EC2V 7QA
Telephone +44 (0)20 7658 6000 Fax +44 (0)20 7658 6965
www.schroders.com
Most of the real estate funds referred to are unauthorised collective investment schemes as defined in
the Financial Services and Markets Act 2000. Promotion of these funds is restricted and access to full
information about these funds is only available to those exempt from the restriction.
For further information about Schroders’ real estate business visit www.schroders.com/realestate
*Real Estate AUM includes cross holdings in certain Schroder managed real estate funds.
Schroders plc
Schroders is a global asset management company with £324.9 billion (€409.7 billion/US$466.9 billion)
under management as at 31 March 2016. Our clients are major financial institutions including pension
funds, banks and insurance companies, local and public authorities, governments, charities, high net
worth individuals and retail investors.
With one of the largest networks of offices of any dedicated asset management company, we operate
from 38 offices in 28 countries across Europe, the Americas, Asia, Middle East and Africa. Schroders
has developed under stable ownership for over 200 years and long-term thinking governs our
approach to investing, building client relationships and growing our business.
Further information about Schroders can be found at www.schroders.com.
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Schroders plc
Registered office at above address
Reg. 3909886 England
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