Photo by Kampus Production from Pexels

Stoneweg EREIT manager eyes REIT conversion to stapled trust

It will comprise Stoneweg European REIT and Stoneweg European Business Trust.

Stoneweg EREIT Management, as the manager of Stoneweg European Real Estate Investment Trust (REIT), said the REIT is proposed to be converted into a stapled trust.

It will comprise Stoneweg European REIT and Stoneweg European Business Trust. The stapled group would be known as Stoneweg European Stapled Trust (SERT).

The manager believes the proposal will benefit unitholders by providing Stoneweg European REIT with a future-proof corporate structure with optimal tax efficiency.

Furthermore, it will reduce reliance on passive rental income, balancing the more passive income stability of a REIT with the growth potential of a business trust.

Whilst the REIT component benefits from preferential tax treatment in Singapore, having a stapled REIT-BT structure may allow for greater tax structuring flexibility, especially in Europe.
 

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.