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Stoneweg Europe Stapled Trust sells Rome property for EUR34.0 million

The Edge Singapore
The Edge Singapore  • 2 min read
Stoneweg Europe Stapled Trust sells Rome property for EUR34.0 million
Maxima, built in the 1950s, was the former headquarters of the the historical headquarter of the national social security institution for the Lazio region / Photo: SERT
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Stoneweg Europe Stapled Trust has sold an office property in Rome for EUR34.0 million, or some $51.0 million, as part of its "disciplined" capital recycling moves to reduce exposure in this asset class while betting more on logistics and light industrial properties.

The property, called Maxima, was built in the late 1950s and has a total net lettable area of 16,689 sqm.

As at June 30, it was valued at EUR25.7 million by JLL.

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