In QuotedData’s morning briefing on 7 January 2025:

• Schroder European REIT (SERE) has sold a grocery anchored retail asset in Frankfurt, Germany, for €11.8m, in line with the 30 September 2024 valuation. The company acquired the 4,525 sqm asset in April 2016 for around €11m. The company’s manager has recently completed various asset management initiatives, including securing longer-term leases with Lidl and Fresnapf, thereby helping to improve the long-term income profile of the asset. With limited further upside rental growth potential, the company took the decision to sell the property and will look to reinvest the proceeds to “enhance shareholder returns”.