Stoneweg Europe Stapled Trust (SERT) said on Nov, 11 2025 that it has sold its entire Slovakian logistics and light-industrial portfolio for about S$105.7 million, representing a 3.5 per cent premium to the assets’ 30 Jun 2025 carrying net equity value. The transaction, executed through the disposal of 100 per cent stakes in five Slovakian property companies, values the underlying real estate at roughly S$107.9 million, 1.3 per cent below the most recent independent valuation.

All sale proceeds were received in cash from buyer P3 Czech HoldCo a.s. at completion. After estimated transaction costs of around S$1.66 million, SERT will channel the net proceeds mainly towards repaying about S$55.7 million of outstanding revolving debt, with the balance reserved for selective acquisitions, working capital and any future security repurchase.

Separately, the trust completed the divestment of the Cassiopea 1-2-3 property in Agrate Brianza, Italy on Nov, 04 2025 for approximately S$17.2 million, following an agreement first announced on Sep, 18 2025.

Since 2022 SERT has disposed of assets worth about S$620.6 million across 22 transactions at an 11 per cent average premium to valuation, nearing its S$604 million capital-recycling target. Management said the latest sales should lower gearing below 40 per cent, lift portfolio occupancy to 93.6 per cent and reduce Central European exposure to 10.4 per cent.

Illustrative pro-forma figures based on FY 2024 accounts show the Slovakian sale would trim distribution per security by 0.2 percentage point to 14.07 euro cents and nudge net tangible assets per security down from €2.03 to €2.02.