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Stoneweg European Trust commits €50 million to European data centre fund

Singapore-listed Stoneweg European Stapled Trust (SERT) Trust has committed €50 million to invest in the Stoneweg Icona European data-centre fund (IDC Fund). 

SERT, formerly known as Cromwell European REIT, made the investment through a newly launched Stoneweg European Business Trust, and is expected to hold a stake of 4% to 8% in the IDC Fund, depending on the final quantum of investment made by the other investors. 

The IDC portfolio comprises interests in four early-stage data centre development sites located in Ireland, Spain, Italy and Denmark.

Source: realassets.ipe.com on the 24th of June

https://realassets.ipe.com/news/stoneweg-european-trust-commits-50m-to-european-data-centre-fund/10131265.article