Logistics, light industrial and data centres in its portfolio will increase to 60%, and Western Europe and the Nordics now represent over 90% of the portfolio.
"The divestment of Riverside Park forms part of SERT’s ongoing portfolio optimisation initiatives, consistent with our previously communicated strategy," says Simon Garing, CEO of the manager.
"Capital recycling continues to be a component of our disciplined investment approach. In line with our FY2025 outlook, proceeds will be directed towards opportunities aligned with SERT’s target sector weightings.
"Our strategic aim remains to increase exposure to logistics, light industrial and data centres to over 70% by 2027," he adds.
See also: Manulife US REIT says it will resume distributions at ‘sustainable payout ratio’ after MRA exit
SERT units closed at €1.50 on March 23, down 1.96%.
