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| TIDM | SERE |
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Schroder European Real Estate Investment Trust PLC (SEREIT) concluded a new 10-year annually indexed lease for 4,784 sqm at its Stuttgart property with the State of Baden-Württemberg, reflecting an 18% increase to the previous passing rent and contributing €0.9 million (c. 5%) to portfolio income. SEREIT also agreed heads of terms for a seven/ten-year lease extension with the sole tenant at its Rumilly logistics property (c. 5% of portfolio income). At its Alkmaar industrial property (c. 5% of portfolio income), the sole tenant, Shuurman Beheer B.V., ceased operations due to financial difficulties and elected not to fulfil lease obligations, prompting SEREIT to initiate legal proceedings and enforce a €350,000 rental guarantee.
| Date | 5 Mar 2026 |
| Time | 07:00:02 |
| Category | Miscellaneous |
| ID | 3666V |
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.
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