Schroder European Real Estate Investment Trust (SEREIT) has secured two new debt facilities for a total of EUR 30.5 million with Deutsche Pfandbriefbank pbb. King & Wood Mallesons advised SEREIT on the transaction. 

SEREIT uses the loans to partially finance two property portfolios, comprising two commercial properties in Hamburg and Stuttgart and two retail properties in Frankfurt and Berlin. The two portfolios comprise a leasable area of 38,182 square meters.

SEREIT was launched in December 2015 and has invested over EUR 150 million across the leading cities of continental Europe. The company is managed by Schroder Real Estate Investment Management, a global asset manager with a total of EUR 14.8 billion* of real estate assets under management.

KWM’s Real Estate team advises various notable funds and investors not only in Germany but worldwide. KWM has maintained a longstanding relationship with Schroders in Germany and Europe. In Germany, most recently, KWM advised Schroders on the acquisition and the related financing of Königstadt Carrée in Berlin and on the acquisitions of the previous mentioned retail properties.

Lars Reubekeul, partner with KWM, states in connection with the financing of the portfolios in Hamburg and Stuttgart and accordingly in Frankfurt and Berlin, ‘we are very pleased to have further expanded our excellent relationship with Schroders through this transaction.’