IN BRIEF: Schroder European Real Estate launches tenant legal action
Schroder European Real Estate Investment Trust PLC - London and Johannesburg-listed property investor - Starts legal proceedings against Shuurman Beheer BV as it does not fulfill its lease obligations. Schroder wants to enforce the EUR350,000 rental guarantee. Shuurman Beheer is the sole tenant at its Alkmaar industrial property in the Netherlands. The tenant stops operations at the cite as it faces financial difficulties. Says it has started marketing the premises. Read More