Schroder European REIT acquires three industrial properties for EUR20 million

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Schroder European REIT has exchanged contracts to purchase three industrial assets in the Netherlands for a total purchase price of EUR19.8 million (USD23 million).

The acquisition has a combined net initial yield of 6.5%, with a weighted unexpired lease term of approximately nine years.

The properties include a freehold 15,290-square metre warehouse in Venray, which is fully let to logistics specialist De Klok Logistics on a new 10 year lease.

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