17 November 2017
Update on management
The Board of Schroder EUROPEAN Real Estate Investment Trust plc (the "Company") announces that, from 1 January 2018, Jeff O'Dwyer will take over all day-to-day responsibilities for portfolio management of the Company, and Tony Smedley will cease to be involved. Jeff has been involved in the management of the portfolio since IPO, and the Board considers this to be a natural progression.
The Company's investment strategy and objectives will remain unchanged. The Schroder Real Estate Investment Committee will continue to provide oversight and approvals for key transactions. Duncan Owen (Global Head of Real Estate and chair of the Investment Committee) and Andrew MacDonald will continue to work closely with Jeff O'Dwyer on the Company. The local real estate teams in France, Germany and Scandinavia will continue to manage the portfolio's assets.
Enquiries:
Duncan Owen
Schroder Real Estate Investment Management Limited Tel: 020 7658 6000
Estelle Bibby
Schroder Investment Management Limited Tel: 020 7658 3431
JSE Sponsor: PSG Capital Proprietary Limited
This announcement contains inside information.
This information is provided by RNS