13th Aug 2018 17:40
LONDON (Alliance News) - Schroder Real Estate Investment Trust Ltd said Monday it has completed the acquisitions of brewery The Tun in Edinburgh and office building The Arc in Nottingham for GBP21.1 million.
The acquisition was funded by existing cash and drawing GBP10 million on its Royal Bank of Scotland Group PLC revolving credit facility.
Schroder Real Estate's loan-to-value, net of cash, is about 29%.
Shares in Schroder Real Estate Investment closed down 0.3% at 61.80 pence each.
Related Shares:
RBS.LSchroder Real