FilingReader Intelligence

Schroder secures major lease renewal in Berlin ahead of ERV

May 22, 2025 at 09:01 PM UTCBy FilingReader AI

Schroder European Real Estate Investment Trust PLC (JSE:SCD) announced that it has agreed to a 12-year lease regear with Hornbach, at its Berlin investment. Hornbach, publicly listed with a EUR 1.67 billion market cap, is the Company's second-largest tenant by income. The property consists of 16,800 sqm of lettable area on a four-acre site south of Berlin's city center. The triple net lease is subject to indexation and has been agreed ahead of the 31 December 2024 estimated rental value. This renewal extends the portfolio's weighted average lease expiry by 1.3 years, from 3.0 to 4.3 years.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

News Alerts

Get instant email alerts when SCHRODER EUROPEAN REAL ESTATE INVESTMENT TRUST PLC publishes news

Free account required • Unsubscribe anytime

Filing Activity Timeline

View Complete Filing History →