Completion of non-income producing disposals

For release 12 February 2015

                 Schroder Real Estate Investment Trust Limited                 

                           (the `Company'/ `Group')                            

                 Completion of non-income producing disposals                  

The Company announces that it has completed on the disposal of Reynards Trading
Estate in Brentford to Notting Hill Home Ownership (`NHHO') for £20.18 million
which compares with the independent valuation as at 31 December 2014 of £18
million.

In a separate transaction, the Company has completed the disposal of its site
at Coventry Road, Hinckley to Redrow Homes Limited for £4.525 million. The
price is in line with an independent valuation as at 31 December 2014.The
transaction is structured so that the Company has received an initial payment
of £2.26 million with the balance to be received in nine months without
condition.

Both properties are non-income producing and proceeds will be reinvested into
income producing investments in line with the Company's strategy.

                                    -ENDS-                                     

For further information:

Schroder Real Estate Investment Management     020 7658 6000                   
Limited: Duncan Owen / Nick Montgomery                                                  
                                                                               
Northern Trust:                                01481 745529                    
David Sauvarin                                                                 
                                                                               
FTI Consulting:                                020 3727 1000                   
Dido Laurimore / Ellie Sweeney