News about Stoneweg Europe Stapled Trust —
Is Stoneweg Europe Stapled Trust’s manager-internalisation deal the key to reviving S-Reits?
When Stoneweg Europe Stapled Trust (Sert) flagged in August that the internalisation of its managers was on the cards, this column warned that the move might alienate minority investors and do little to boost the market valuation of its stapled securities....read more on The Business Times
Sert is not just acquiring the managers of its own assets, though. On Sep 28, it was revealed that Sert plans to acquire its sponsor’s pan-European logistics and light-industrial platform – which manages Sert’s 2.3 billion euro (US$2.6 billion) portfolio, as well as a further 820 million euros worth of third-party assets across 11 mandates.