Further investment into industrial assets and the disposal of retail property in 2018 has helped Schroder European REIT grow the group’s net asset value, which stood at €182.1m (£162.2m) at the end of September, reflecting a 2.2% increase.
In its second set of full-year results since its 2016 IPO, the company, which targets continental European cities that are growing faster than their domestic economies, also saw the value of its portfolio hit €222m (£197m), an 8.1% uplift on its purchase price and a 3.2% increase on last year.
Underlying EPRA earnings were €10.8m compared to €6.9m for the 12 months ended September 2017 .
