Disposal of Wembley Site

For release 10 September 2014

                Schroder Real Estate Investment Trust Limited
                         (the `Company' / `Group')

                         Disposal of Wembley site

The Company announces that it has exchanged unconditional contracts with a
wholly owned subsidiary of Barratt Developments PLC (`Barratt') to dispose of
its remaining, non-income producing site at the Olympic Office Centre in
Wembley for £15.25 million. Barratt have paid a 10% deposit and completion is
due on 23 September 2014.

The Company estimates that completion of the disposal will increase the
underlying pro-forma Net Asset Value (`NAV') of the Company, assuming no other
changes following the last reported NAV as at 30 June 2014, by approximately
3.5%.

The disposal is the successful conclusion of a strategy for the subject site
involving securing outline planning consent for change of use from a car park
to 227,000 sq ft of residential and ancillary uses. Proceeds will be redeployed
into income producing investments that are currently under consideration.

Following completion of the disposal of the subject site the Company continues
to own the 74,000 sq ft Olympic Office Centre which as at 30 June 2014 was
independently valued at £10.75 million.

                                    -ENDS-                                     

For further information:

Schroder Property Investment Management Limited:   020 7658 6000               
Duncan Owen / Nick Montgomery                                                  
                                                                               
Northern Trust:                                    01481 745529                
David Sauvarin                                                                 
                                                                               
FTI Consulting:                                    020 3727 1000               
Dido Laurimore / Nina Legge