Schroders, which runs the JSE-listed Schroder European Real Estate Investment Trust (Sereit), says it is taking advantage of an economic recovery in western Europe with plans to invest in cities such as Berlin, Paris and Amsterdam. The group said it could get returns on investments in the west that were as good as major cities in eastern Europe, including Warsaw and Bucharest. This was while many SA investors continued to look to central and eastern Europe for growth. Sereit, which acts as a rand hedge for SA investors, promises consistent income payouts, instead of seeking market-beating capital growth. “We continue to invest in high-growth cities and we believe that uncertainty around the Brexit process will benefit the capitals of major western European countries and some secondary cities at the expense of London,” said Schroders head of global real estate estate Duncan Owen. “We are agile and can exit our investments in places like Paris, Berlin and Manchester quite easily. At t...

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