Asset Management Update

Summary by AI ^BETAClose X

Schroder European Real Estate Investment Trust plc has secured a new 10-year lease with the State of Baden-Württemberg for 4,784 sqm of office space in Stuttgart, increasing income by 18% or €0.9 million, and has agreed terms for a lease extension at its Rumilly logistics property. However, the sole tenant at its Alkmaar industrial property has ceased operations and will not fulfil its lease obligations, prompting legal proceedings to enforce a €350,000 rental guarantee, though marketing of the asset has already commenced with positive initial interest.

Disclaimer*

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.

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Enquiries:

Jeff O'Dwyer

Schroder Real Estate Investment Management Limited

Natalia de Sousa

Schroder Investment Management Limited

Richard Gotla/Oliver Parsons

FTI Consulting

Tel: 020 7658 6000

Tel: 020 3727 1000

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