TIDMSREI 
 
For release 16 October 2019 
 
 
                 Schroder Real Estate Investment Trust Limited 
                      ("SREIT"/ the "Company" / "Group") 
 
                    REFINANCING OF LONG TERM DEBT COMPLETED 
 
Following the announcement on 8 October 2019, Schroder Real Estate Investment 
Trust, the actively managed UK-focused REIT, announces that it has set the 
final interest rate and break cost under its new loan with Canada Life 
Investment. The final key loan terms are: 
 
  * GBP129.6 million fixed rate loan extended from 8.5 to average 16.5 years 
  * Reduction in the total interest rate from 4.4% to 2.5% per annum, 
    generating an immediate interest saving of GBP2.5 million per annum 
  * Negotiated break cost of GBP25.8 million funded by cash realised from 
    disposals 
  * Interest saving to be paid to shareholders as an increased dividend of GBP 
    16.0 million per annum, equating to an increase of 19%, starting at the 
    period 1 October 2019 
 
                                    -ENDS- 
 
 
For further information: 
 
Schroder Real Estate Investment Management       020 7658 6000 
Limited: 
Duncan Owen / Nick Montgomery / Frank Sanderson 
 
Northern Trust:                                  01481 745529 
Andy Dovey / James Machon 
 
FTI Consulting:                                  020 3727 1000 
Dido Laurimore / Richard Gotla 
 
 
 
END

(END) Dow Jones Newswires

October 16, 2019 02:00 ET (06:00 GMT)

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