Stoneweg Europe Stapled Trust divests Warsaw office

Stoneweg Europe Stapled Trust (SERT) is selling its Riverside Park office building in Warsaw, Poland, for €22.5 mln.

Riverside Park, Warsaw

The buyer is a Polish company that runs an oncology hospital in Warsaw. The sale is dependent on the City of Warsaw's pre-emption rights, which expire in April 2025, and other standard conditions expected to be met by the second quarter of 2026.

Riverside Park is an office building completed in 2005 with about 12,631 m2 of rentable space, located 2.5 km from Warsaw's city centre. It was valued at €21.4 mln at the end of 2025.

The money from the sale will be used to reinvest in new opportunities that align with SERT's strategy or for general operational costs. The managers will receive a divestment fee of €0.1 mln.

SERT sees itself as a long-term investor in European commercial real estate, but these targeted sales are part of its strategy to maintain steady distributions, grow its net asset value per security, and keep a strong financial position.

Simon Garing, CEO of the Manager, said: “The divestment of Riverside Park forms part of SERT’s ongoing portfolio optimisation initiatives. Capital recycling continues to be a component of our disciplined investment approach. Our strategic aim remains to increase exposure to logistics, light industrial and data centres to over 70% by 2027. Post-divestment, SERT’s Polish exposure reduces to 6.0%, portfolio weighting to logistics, light industrial and data centres increases to 60%, and Western Europe and the Nordics now represent over 90% of the portfolio.”