The Business Times
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Data centres a possibility for Stoneweg European Reit under new sponsor

SWI Group “fully supports” the Reit’s strategy to rebalance its portfolio to focus more on industrial properties and high-quality offices

Summarise
Navene Elangovan

Navene Elangovan

Published Mon, Mar 24, 2025 · 05:00 AM
    • From left: Max-Herve George, the chairman of SWI Group; Jaume Sabater, the group CEO of SWI Group; and Simon Garing, the CEO of Stoneweg European Reit's manager.
    • From left: Max-Herve George, the chairman of SWI Group; Jaume Sabater, the group CEO of SWI Group; and Simon Garing, the CEO of Stoneweg European Reit's manager. PHOTO: STONEWEG EUROPEAN REIT

    [SINGAPORE] Stoneweg European real estate investment trust (Sert) , which has traditionally had assets in European office and logistics, could explore opportunities in the data centre sector, in line with the expertise of its new sponsor.

    Formerly known as Cromwell European Reit, the pure-play European Reit welcomed its new sponsor, SWI Group last December.

    Based in Geneva, Switzerland, SWI Group is a partnership between real estate investment group Stoneweg and alternative investment group Icona Capital. The latter conducts private equity transactions and has real estate transactions, including in European data centres.

    S-Reitscromwell e-reit

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