Stoneweg Europe Stapled Trust divests Italian office for €34m

Stoneweg Europe Stapled Trust (SERT) has finalised the sale of its Maxima office property in via Amba Aradam, Rome, for €34.0 mln.

Via dell'Amba Aradam 5, Rome

This price represents a 32% premium over the property's most recent valuation of €25.7 mln as of 30 June 2025.
The Maxima building, constructed in the late 1950s, served as the former headquarters for the Lazio region's social security institution and offers a total leasable area of 16,689 m2.
The divestment aligns with SERT's strategy to capitalise on current market conditions and reallocate resources towards a hotel development project that requires new zoning and planning approvals.
The net proceeds from this sale will be used to reduce debt on its revolving credit facility, fund general working capital, and potentially reinvest in other ventures that promise better risk-adjusted returns.
Simon Garing, CEO of the Manager, said: “The €34.0 mln divestment of Maxima reflects our disciplined capital recycling strategy to reduce exposure to non-core office assets while increasing allocation to logistics and light industrial properties. While the Manager had explored an office reconversion strategy, the asset ultimately delivered superior value as a hotel redevelopment, supported by its prime central Rome location.” 
This sale brings SERT's total divestments for 2025 to €140.0 mln, with these sales collectively achieving a 5.6% premium over their latest independent valuations.
Since 2022, SERT has now sold €409.1 mln worth of assets, realising an average premium of 11.0% above their most recent valuations. This is consistent with the approximately €400 mln divestment strategy announced in 2022 as a response to rising interest rates.
The divestment also strategically shifts SERT's portfolio, increasing its focus on logistics, light industrial, and data centre assets, which now make up 58.7% of the total portfolio.
Geographically, SERT's exposure to Italy has decreased from 18% to 17%. Following the recent sale of its Slovakia portfolio, Western Europe and the Nordics now account for a substantial 89.4% of SERT's overall portfolio.