The Business Times

Stoneweg Europe Stapled Trust

Companies & Markets

Stoneweg Europe Stapled Trust divests office asset in Italy for 34 million euros

Following the divestment, the trust’s exposure to Italy will fall from 18% to 17%

Of the 85 million euros, 70.6 million euros will be initially drawn down to refinance an outstanding loan of Stoneweg E-Reit Lux Finco, an indirect wholly owned subsidiary of Stoneweg European Reit.
Companies & Markets

Stoneweg Europe Stapled Trust refinances, extends 85 million euro facility agreement

This strengthens Sert’s debt maturity profile and liquidity position

Nove Mesto One Industrial Park III in Kocovce, Slovakia. Sert's manager says the stapled group's exit from the country aligns with the its investment strategy to divest 400 million euros of assets over the next two to three years.
Companies & Markets

Stoneweg Europe Stapled Trust divests Slovakia portfolio for 70 million euros

This comes as it focuses on Western European markets with ‘deeper liquidity and stronger tenant demand’

Revenue for the nine months was up 2% year on year at 163.5 million euros.
Reits & Property

Stoneweg Europe Stapled Trust 9M distributable income falls 4.6% to 57.6 million euros

Net property income for the period rises 3% to 102.9 million euros

A UK logistics asset that is part of Stoneweg Europe Stapled Trust's portfolio. Demand from international institutional investors and banks for the notes had the order book peak at nearly one billion euros, marking about a 3.3 times oversubscription.
Reits & Property

Sert issues 300 million euros in green notes due 2033 at 4.125% coupon rate

Net proceeds will be used to refinance existing borrowings due to mature in 2026 and 2027

Simon Garing, chief executive officer of Sert's managers, believes the impact of higher interest rates on the stapled group's distribution per unit has peaked, and is hopeful it can show dividend growth in 2026.
Global Enterprise
TOPLINE

Stoneweg Europe Stapled Trust sets sights on Spain and Switzerland to grow unit price

Its managers are bullish on the logistics and light industrial sector as e-commerce, onshoring and fatter defence budgets could swell demand for warehouses

Temasek is now a substantial shareholder of iFast Corp through its deemed interest of 5.03% as at Oct 2. This follows its portfolio company Fullerton Fund Management's acquisition of 219,300 iFast shares for S$9.04 apiece.
Companies & Markets
INSIDE INSIGHTS

Placements continue, Sert buys back units

[SINGAPORE] Over the five trading sessions from Oct 3 to 9, institutions were net buyers of Singapore stocks, with net institutional inflow of S$250 million, adding to the S$275 million net institutio...

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