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- Schroder European Real Estate underlying properties deliver 7.7% total return
Schroder European Real Estate underlying properties deliver 7.7% total return – Schroder European Real Estate (SERE) delivered the following operational highlights over its financial year to 30 September 2019:
Jeff O’Dwyer, SERE’s manager, noted: “Property markets in our target cities are performing well. Whilst there are pockets of weakness, such as in the retail shopping centre sector, our limited exposure to underperforming parts of the market and balanced portfolio helps mitigate us against these. Alongside progressing the Paris redevelopment and other initiatives to further improve our income profile, the ambition for 2020 is that we will grow the portfolio via new acquisitions in our target ‘winning cities’, benefiting from both the macro trends supporting attractive real estate returns, as well as the Company’s extensive local market expertise.”
Top 10 property locations at 30 September 2019:
Rank |
Property |
Country |
Sector |
€m |
% of total |
1 |
Paris (B-B) |
France |
Office |
41.6 |
17% |
2 |
Paris (SC) |
France |
Office |
37.9 |
16% |
3 |
Berlin |
Germany |
Retail |
26.9 |
11% |
4 |
Seville |
Spain |
Retail |
23.5 |
10% |
5 |
Apeldoorn |
Netherlands |
Mixed |
20.0 |
8% |
6 |
Rennes |
France |
Industrial |
17.6 |
7% |
7 |
Stuttgart |
Germany |
Office |
17.2 |
7% |
8 |
Hamburg |
Germany |
Office |
16.7 |
7% |
9 |
Frankfurt |
Germany |
Retail |
11.5 |
5% |
10 |
Venray |
Netherlands |
Industrial |
10.3 |
4% |
|
Top ten properties |
|
|
223.2 |
92% |
SERE: Schroder European Real Estate underlying properties deliver 7.7% total return
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