For release 13 August 2018
Schroder Real Estate Investment Trust Limited (the “Companyâ€)
Completion of Acquisitions
Following the announcement on 31 July 2018, the Company confirms that it has completed the acquisitions of The Tun in Edinburgh and The Arc in Nottingham at a price of £21.05 million. The acquisition has been funded by existing cash and drawing £10 million on the RBS revolving credit facility. Following completion of the acquisitions, and based on the portfolio independent valuation as at 30 June 2018, the Company’s loan-to-value, net of cash, is approximately 29%.
-ENDS-
For further information:
Schroder Real Estate Investment Management Limited: Duncan Owen / Nick Montgomery / Frank Sanderson |
020 7658 6000 |
Northern Trust: James Machon / Fraser Hiddelston |
01481 745529 |
FTI Consulting: Dido Laurimore / Ellie Sweeney/ Richard Gotla |
020 3727 1000 |