Key Developments: Schroder Real Estate Investment Trust Ltd (SREI.L)

SREI.L on London Stock Exchange

59.25GBp
19 Dec 2014
Price Change (% chg)

0.50p (+0.85%)
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58.75p
Open
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59.25p
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58.25p
Volume
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Latest Key Developments (Source: Significant Developments)

Schroder Real Estate Investment Trust Ltd completes acquisition and placing
Thursday, 18 Dec 2014 02:00am EST 

Schroder Real Estate Investment Trust Ltd:Says it has completed a placing that raised 27 mln pounds from the issuance of 47 mln shares at an issue price of 57.5 pence per share.The placing was completed at a premium to the last reported net asset value.Says it has completed the acquisition of a 50 pct interest in The University of Law campus in Bloomsbury, London WC1, for 34 mln pounds.The company is acquiring the property alongside Schroder UK Property Fund also managed by Schroder Real Estate Investment Management for a total price of 68 mln pounds.  Full Article

Schroder Real Estate Investment Trust announces further acquisition in Milton Keynes
Thursday, 27 Nov 2014 02:00am EST 

Schroder Real Estate Investment Trust Ltd:Says it has acquired Heathfield Industrial Estate in Milton Keynes for 5.06 mln pounds.  Full Article

Schroder Real Estate Investment Trust Ltd updates on placing
Thursday, 20 Nov 2014 05:32am EST 

Schroder Real Estate Investment Trust Ltd:Says the issue of further ordinary shares by way of a placing pursuant to the terms and conditions of the placing programme established under the prospectus issued by the company dated March 20.A total of 47 mln ordinary shares have therefore been placed by J.P. Morgan Cazenove (JPMC) and Numis Securities Ltd at a price of 57.50 pence per share, raising gross proceeds of about 27.0 million Pounds.The new shares represent about 10.0 pct of the issued ordinary share capital of the company prior to the placing.  Full Article

Schroder Real Estate Investment Trust Ltd announces retail warehouse acquisition
Wednesday, 19 Nov 2014 02:38am EST 

Schroder Real Estate Investment Trust Ltd:Says that it has acquired a retail warehouse in Bletchley, Milton Keynes for 9.9 mln pounds, reflecting a net initial yield of 6.5 pct.Property is let to Matalan Limited for a further 6.5 years at a rent of 675,800 pounds per annum.  Full Article

Schroder Real Estate Investment Trust Ltd proposes placing
Monday, 17 Nov 2014 02:00am EST 

Schroder Real Estate Investment Trust Ltd:Says a proposal to issue up to 43.5 million new shares at 57.5 pence per new share to raise gross proceeds of up to about 25 million Pounds by way of a placing pursuant to the terms and conditions of the placing programme established under the prospectus issued by the company dated March 20.  Full Article

Schroder Real Estate Investment Trust Ltd to pay interim dividend
Wednesday, 5 Nov 2014 02:00am EST 

Schroder Real Estate Investment Trust Ltd:Says interim dividend of 0.62 pps for the period July. 1, 2014 to Sept. 30, 2014.The dividend payment will be made on Nov. 28.Says to shareholders on the register as at Nov. 14.The ex-dividend date will be Nov. 13.  Full Article

Schroder Real Estate Investment Trust Ltd announces disposal of olympic office centre
Tuesday, 16 Sep 2014 02:00am EDT 

Schroder Real Estate Investment Trust Ltd:Says unconditional contracts with Network Stadium Housing Association Ltd to dispose of Olympic Office Centre in Wembley for 15.4 mln Pound.Network, tenant in building, has paid 10 pct deposit and completion is due on Dec. 19 to coincide with expiry of its lease.Network is leading provider of affordable housing to Brent Council and intends to pursue a mixed use office and residential redevelopment scheme on site.  Full Article

Schroder Real Estate Investment Trust Ltd announces disposal of Wembley Site
Wednesday, 10 Sep 2014 06:43am EDT 

Schroder Real Estate Investment Trust Ltd:Announces that it has exchanged unconditional contracts with subsidiary of Barratt Developments PLC.Says contract to dispose of its remaining, non-income producing site at Olympic Office Centre in Wembley for 15.25 mln Pound.Barratt have paid 10 pct deposit and completion is due on Sept. 23, 2014.  Full Article

Schroder Real Estate Investment Trust Ltd to acquire Stacey Bushes Industrial Estate
Tuesday, 19 Aug 2014 02:00am EDT 

Schroder Real Estate Investment Trust Ltd:Exchanges unconditional contracts to acquire Stacey Bushes Industrial Estate in Milton Keynes for 9.2 mln Pound.Says completion of acquisition is expected to take place on Aug. 21.  Full Article

Schroder Real Estate Investment Trust Ltd completes disposal of one acre site, comprising part of its two acre Wembley site
Monday, 4 Aug 2014 02:00am EDT 

Schroder Real Estate Investment Trust Ltd:Says that it has completed the disposal of a one acre site, comprising part of its two acre Wembley site, to wholly owned subsidiary of The Unite Group plc (`Unite Students') for 7.56 mln pounds.This compares to the independent valuation as at 30 June 2014 of 7.3 mln pounds.Disposal is the successful conclusion of a strategy for the subject site where the Company secured outline planning consent for change of use from a car park to 200,000 sq ft of student accommodation.Subject site is non-income producing and proceeds will be redeployed into income producing investments that are currently under consideration.Immediately prior to securing outline planning consent in June 2013 the subject site formed part of the Olympic Office Centre with a combined valuation of 16.5 mln pounds.This compares to the current combined valuation and sale price for the Olympic Office Centre and two sites of 24.8 mln pounds.  Full Article

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