Stoneweg Europe Stapled Trust revealed on June 4, 2026, the sale of its Parc de Meslay cold chain logistics property in northeast Tours, France, for 5.7 million euros, approximately 8.5 million SGD [1, 2]. The sale price represents a 3.3% premium over an independent valuation of 5.52 million euros conducted at the end of 2025 [1, 2].
The buyer is SNC France Plateformes, a subsidiary of the existing tenant’s group, Immostef, which fully leases the property [1, 2]. Parc de Meslay, built in 2002, spans about 5,613 square meters, including 195 square meters designated as office space and 5,418 square meters of refrigerated warehouse space [1, 2].
The transaction is expected to complete by October 2026, pending expiry of municipality pre-emption rights in September and other standard closing conditions [1, 2]. Simon Garing, CEO of Stoneweg Europe Stapled Trust, said the divestment is "part of Sert’s ongoing portfolio optimisation initiatives and part of the announced 70 million euros worth of divestments that the trust is targeting for 2026" [2].
Following the sale, the trust’s portfolio will maintain a weighting of over 61% in logistics, light industrial, and data centre assets, with Western Europe and the Nordics comprising above 90% of the portfolio [1, 2]. Stoneweg plans to increase this sector allocation to more than 70% by 2027 [1, 2]. The trust is also advancing a dual-track strategy to develop data centres, including converting some existing assets, with updates to come in due course [1].
Net proceeds from the sale will be reinvested according to the trust’s strategy and used for general working capital purposes [2]. On June 3, 2026, the trust’s stapled securities closed at 1.55 euros, though sources differ on price movement, with one citing no change and another a decline of 0.6% or 0.01 euro [1, 2].
Key upcoming dates include the expiry of municipality pre-emption rights for the sale in September 2026 and the targeted completion of the transaction in October 2026 [1, 2].
