Stoneweg Europe Stapled Trust (SERT) has announced the divestment of its French asset, Parc de Meslay, to SNC France Plateformes, a subsidiary of the current tenant’s group, for €5.7m (approximately S$8.5m). The transaction, which is expected to complete in October 2026, is part of SERT’s strategy to optimise its portfolio and increase its focus on logistics, light industrial, and data centres.
Parc de Meslay, a fully leased cold-storage logistics facility, spans approximately 5,613 square metres and is strategically located near Tours, France. The sale price represents a 3.3% premium over the latest independent valuation conducted on 31 December 2025. The proceeds from this divestment will be reinvested into opportunities aligned with SERT’s strategy or used for general working capital.
Simon Garing, CEO of the Manager, stated, “The divestment of Parc de Meslay is part of SERT’s ongoing portfolio optimisation initiatives, consistent with our previously communicated strategy and part of the announced €70m in divestments that SERT is targeting for 2026, supporting long-term, risk-adjusted returns for securityholders.”
Post-divestment, SERT’s portfolio will maintain a weighting of over 61% in logistics, light industrial, and data centres, with Western Europe and the Nordics comprising more than 90% of the portfolio. This move supports SERT’s aim to increase its exposure to these sectors to over 70% by 2027, alongside advancing its data centre development pipeline.
The transaction reflects SERT’s disciplined asset management approach, aimed at sustaining stable distributions and long-term growth for its securityholders.
