17th Dec 2025 06:40
Schroder European Real Estate Investment Trust PLC - London and Johannesburg-listed property investor - Dutch telecommunications company Koninklijke KPN NV formally terminates its lease at Schroder European Real Estate's Apeldoorn property. KPN occupies this mixed-use office and data centre property in Netherlands, representing about 19% of the company's portfolio income and 6% of portfolio value as at September 30, 2025. The lease termination will take effect from December 31, 2026. Early this month, Schroder European Real Estate Investment warned of the risk of maintaining its dividend following the departure of KPN.
Schroder European Real Estate says it is pursuing a number of "mitigation strategies", which include marketing Apeldoorn to new occupiers, exploring alternative uses such as medium-density residential development, or a potential sale to enable capital redeployment.
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By Artwell Dlamini, Alliance News senior reporter South Africa
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