News releases

Schroders adds Hartlebury to UK Property Fund

Schroder UK Property Fund (SPF) * has acquired the Hartlebury Trading Estate in Worcestershire for £46.2 million (£32 capital value per sq ft), reflecting a net initial yield of 10.15% from the Industrial Trust advised by Valad.

30/04/2013

Schroder UK Property Fund (SPF) * has acquired the Hartlebury Trading Estate in Worcestershire for £46.2 million (£32 capital value per sq ft), reflecting a net initial yield of 10.15% from the Industrial Trust advised by Valad.

The estate, let to over 80 tenants including Fedex, TNT, Just for Pets and Forest Garden across 182 units and 180 acres totalling 1.4 million sq ft, provides a dominant industrial estate servicing an affluent area of the Midlands.

James Lass, Fund Manager for SPF said:

“A focus on good quality secondary property benefitting from low passing rents has been a core part of the SPF acquisition strategy for some time. We continue to find value in assets of this nature which complement the existing high quality portfolio.

This dominant industrial estate provides a diversified income stream with low rental levels, strong tenant retention and further asset management opportunities. Regional industrial provides a substantial yield arbitrage relative to comparable product in the south east meaning attractive returns can be achieved without reliance on rental growth.”

Deloitte Real Estate acted for SPF.

*Schroder UK Property Fund (SPF) is a £1.2 billion diversified fund investing in UK commercial property.

For further information, please contact:

Estelle Bibby, Senior PR Manager Schroders Investment Management

Tel: +44 (0)20 7658 3431 Mobile: +44 (0)7770 496163

Email: estelle.bibby@schroders.com / Twitter: @schroderpension

Notes to Editors

For trade press only. To view the latest press releases from Schroders visit: http://ir.schroders.com/media

Schroders UK Property Fund (SPF) is a £1.2 billion diversified fund investing in UK commercial property. It is regulated by the Financial Conduct Authority and available to professional investors.

The Schroder UK Property Fund is authorised by the Financial Conduct Authority (the “FCA”) as a Qualified Investor Scheme (“QIS”). Only investors that meet the requirements for eligibility to invest in a QIS, as specified in COLL 8, Annex 1 of the FCA’s Handbook, may invest in Schroder UK Property Fund. A QIS may not be promoted to a member of the general public.

Schroder Property

Schroders has managed property funds since 1971 and now has £10.6 (€13.0 / US$17.2) billion of gross property assets under management (at 31 December 2012).

All of the property funds referred to are unauthorised collective investment schemes as defined in the Financial Services and Markets Act 2000. Promotion of these funds is restricted and access to full information about these funds is only available to those exempt from the restriction.

For further information about Schroders’ property business visit www.schroderproperty.com

Schroders plc

Schroders is a global asset management company with £212.0 billion (EUR 261.3 billion/$344.5 billion) under management as at 31 December 2012. Our clients are major financial institutions including pension funds, banks and insurance companies, local and public authorities, governments, charities, high net worth individuals and retail investors.

With one of the largest networks of offices of any dedicated asset management company, we operate from 33 offices in 27 countries across Europe, the Americas, Asia and the Middle East. Schroders has developed under stable ownership for over 200 years and long-term thinking governs our approach to investing, building client relationships and growing our business.

Further information about Schroders can be found at www.schroders.com.

Issued by Schroder Investment Management Ltd, which is authorised and regulated by the Financial Conduct Authority. For regular updates by e-mail please register online at www.schroders.com for our alerting service.