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