Stoneweg Europe Stapled Trust (SERT) has announced a EUR50 million investment in the Stoneweg Icona data-centre fund, marking a significant diversification move for the Singapore-listed entity.
The investment, announced on 24 June, will give Stoneweg Europe Stapled Trust a stake of between 4% and 8% in the IDC Fund, depending on the final amount invested by other participants.
The fund comprises interests in four early-stage data centre development sites totalling 225 hectares across Ireland, Spain, Italy, and Denmark.
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