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Schroder Euro REIT Acquires Warehouse in Alkmaar, Netherlands
Tuesday 21 March 2023

Schroder European Real Estate Investment Trust Plc, investing in European growth cities has acquired a freehold warehouse in Alkmaar, the Netherlands for EUR 11m (USD 11.8m), the company said.

The acquisition was acquired via a sale and leaseback, and reflects a net initial yield of 5.6%

The 9,115 sqm property is fully let to W.A. Schuurman Beheer B.V., an electrical engineering and renewable energy specialist that has been in operation for over 100 years and serves as its headquarters and as its key distribution hub.

The 20-year triple net lease, with a break at 15 years, benefits from annual indexation.
Date Published: 21/03/2023