Schroder Real Estate Investment Management Limited
31 Gresham Street, London EC2V 7QA
Telephone +44 (0)20 7658 6000 Fax +44 (0)20 7658 6965
www.schroders.com
News Release
Schroder Real Estate secures planning
for Aldi in Norwich
25 February 2016
Schroder UK Real Estate Fund (“SREF”) has secured planning consent to develop a new 18,320 sq ft
retail warehouse unit for Aldi at the Hall Road Retail Park in Norwich.
The growing supermarket operator has signed to occupy the new store being created at the 145,751
sq ft retail park alongside Pets At Home, Aldiss, Bennetts and Homebase.
Aldi will occupy the unit on a 20 year lease paying a headline rent of £20 per sq ft.
Schroders, which acquired the park in 2011, will commence works this summer to deliver the new
store in readiness for Aldi to start fitting the unit out before the end of the year.
Jessica Berney, Head of UK Retail at Schroders said:
“The park’s location, on the Norwich ring road, makes it a popular location for major retailers due to its
accessibility for customers across the region and we are confident that Aldi will prove a popular addition to the
line-up.
“We acquired Hall Road, recognising its potential for further development that would deliver income growth for
the fund, both in rental return and asset value, and we are pleased to have been able to respond to tenant
appetite by securing consent to extend the park and provide a new store for Aldi.”
Edgerley Simpson Howe advised SREF; MP Real Estate acted for Aldi.
For further information, please contact:
Sophie Elliott or PJ Appleton
Schroders plc
Registered office at above address
Reg. 3909886 England
Tel: +44 (0)20 7828 5553/ pj@redwoodconsulting.co.uk
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For your security, communications may be taped or monitored
Schroder Real Estate Investment Management Limited
31 Gresham Street, London EC2V 7QA
Telephone +44 (0)20 7658 6000 Fax +44 (0)20 7658 6965
www.schroders.com
Notes to Editors
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Schroder Real Estate
Schroders has managed real estate funds since 1971 and currently has £12.4 billioni (€16.8 billion
/US$18.7 billion) of gross real estate assets under management as at 30 September 2015.
Most 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.schroders.com/realestate
Schroders plc
Schroders is a global asset management company with £294.8 billion (EUR 400.0 billion/$446.5
billion) under management as at 30 September 2015. 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 37 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 Real Estate Investment Management Ltd, which is authorised and regulated by
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i
Includes holdings of Real Estate Capital Partners and Schroders Multi-asset Funds in the Real Estate AUM
Schroders plc
Registered office at above address
Reg. 3909886 England
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