Schroders’ listed European property investment fund has seen the value of its portfolio boosted by new leases and an agreed sale.
At the end of September, the value of Schroder European Real Estate Investment Trust’s portfolio stood at €268.6m (£242.5m), a near-10% increase in three months.
The REIT said valuation uplifts from a €104m forward funding sale of an office in Paris to AEW (pictured) and a new lease at an office in Hamburg had more than offset a fall in the value of a 50% stake in a Seville shopping centre.
The company’s loan-to-value ration stood at 25% at the end of the third quarter, with no debt maturity before 2023. It will announce full-year results on 9 December.
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