Singapore-listed Stoneweg Europe Stapled Trust (SERT) has agreed to sell a cold storage facility in central France for EUR5.7 million (SGD8.5 million).
This is above its latest independent valuation, as the trust presses ahead with a broader strategy to shed non-core assets and pivot towards logistics and data centres.
The asset, Parc de Meslay, is a refrigerated warehouse of approximately 5,613 sqm located in Parçay-Meslay, north-east of Tours.
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