Singapore
· Delayed Price · Currency is SGD Stoneweg Europe Stapled Trust Company Description
Stoneweg Europe Stapled Trust (“SERT”, formerly Cromwell European REIT and renamed as Stoneweg European REIT following the change in Sponsor) is a stapled group comprising Stoneweg European Real Estate Investment Trust and Stoneweg European Business Trust.
SERT has a principal mandate to invest, directly or indirectly, in income-producing commercial real estate assets across Europe, with a minimum portfolio weighting of at least 75% in Western Europe and at least 75% in the light industrial/logistics and office sectors.
At present, Stoneweg Europe Stapled Trust has approximately 86% exposure to Western Europe and around 56% to the logistics /light industrial sector, with a medium-term goal of increasing SERT’s exposure to this sector to at least a vast majority weighting.
Additionally, SERT undertakes asset enhancement initiatives and redevelopment projects for existing office assets, with a focus on strong ESG credentials in prime and core locations within key European gateway cities.
SERT’s portfolio, valued at €2.2 billion, comprises over 100 predominantly freehold properties in or close to major gateway cities in the Netherlands, Italy, France, Poland, Germany, Finland, Denmark, Slovakia, the Czech Republic, and the United Kingdom.
The portfolio spans a total lettable area of approximately 1.7 million sqm and serves more than 800 tenant-customers.
SERT is listed on the Singapore Exchange Limited (SGX counter: SET (Euro) and SEB (Singapore dollar) and is managed by Stoneweg EREIT Management Pte. Ltd. and Stoneweg EBT Management Pte. Ltd. (The “Managers”).
SERT’s sponsor is SWI Group, comprising Stoneweg, Icona Capital, its subsidiaries and associates. SWI Group holds a substantial 28% stake in SERT’s stapled securities, and the Managers and Property Manager of Stoneweg Europe Stapled Trust are wholly owned by SWI Group, its subsidiaries, and associates.
| Country | Singapore |
| Founded | 2017 |
| Industry | Real Estate Investment Trusts |
| CEO | Simon Garing |
Contact Details
Address: 50 Collyer Quay Singapore, 049321 Singapore | |
| Phone | 65 6920 7539 |
| Website | Visit Website |
Stock Details
| Ticker Symbol | CWCU |
| Exchange | Singapore Exchange |
| Fiscal Year | January - December |
| Reporting Currency | EUR |
| SIC Code | 6798 |
Key Executives
| Name | Position |
|---|---|
| Simon Garing | Chief Executive Officer |
| Shane Peter Hagan | Chief Financial Officer |
| Elena Arabadjieva | Chief Operating Officer |
| Elena Arabadjieva | Head of Investor Relations |