Schroders raises £107m for new European REIT

Listed on LSE and Johannesburg Stock Exchange

Schroder Real Estate has launched a European real estate investment trust (REIT), raising £107.5m through its initial placing.

The REIT will have its primary listing on the London Stock Exchange (LSE) and a secondary listing on the Johannesburg Stock Exchange (JSE, pictured). It is the first trust to be launched by Schroders in more than a decade and will offer investors liquid access to key continental European markets, focusing on investment into targeted growth cities. The group plans to grow the trust, which has already raised £107.5m through its initial placing, to a similar size as its existing UK REIT equivalent, which was £316m at the end of September. Schroder Real Estate to move onshore and conve...