- Stoneweg Europe Stapled Trust ’s target to increase the mix of its logistics, industrial and data centre (DC) assets to account for ~70% of its portfolio by 2027 is a positive step that should help narrow the discount to NAV (~25%).
- - Read this at SGinvestors.io -
Target to raise the logistics and DC asset mix to ~70% of its portfolio by 2027, from 59% currently.
- Portfolio rebalancing will be done via on-going divestments of non-core office assets, with proceeds reinvested in higher-growth sectors and asset enhancement opportunities.
- - Read this at SGinvestors.io -
- We expect another EUR50-100m worth of divestments in the next few quarters – these would likely be assets in Italy, Slovakia and Poland.
- Management is starting to explore acquisition opportunities both from its sponsor’s pipeline and externally, with interest costs stabilising and the anticipated economic recovery from government fiscal stimulus policies.
AiOnX a key growth pillar.
- Read more at SGinvestors.io.
