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Stoneweg Europe Stapled Trust to Divest French Cold Warehouse Asset for EUR6 Million

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Stoneweg Europe Stapled Trust (SGX:SET) signed a binding agreement for the divestment of Parc de Meslay in Parcay-Meslay, France, for 5.7 million euros, according to a Wednesday filing with the Singapore Exchange.

The asset is being sold to a current tenant named Immostef, the filing added.

The divestment is subject to clearance of pre-emption rights, which expire in September, with completion slated for October.

The property is a cold warehouse, spanning 5,613 square meters, and is fully leased to Immostef.

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