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The latest update is out from Stoneweg European Real Estate Investment Trust ( (SG:SET) ).
Stoneweg European Real Estate Investment Trust and Stoneweg European Business Trust, managed by Stoneweg EREIT Management Pte. Ltd. and Stoneweg EBT Management Pte. Ltd. respectively, have announced that their subsidiary, Yova Haagse Poort B.V., has secured a €50 million green development loan. This five-year loan, arranged by ING Bank N.V., will fund the redevelopment of Haagse Poort in The Hague, aligning with the company’s sustainability strategy to enhance the property into a high-quality, energy-efficient office asset. The loan includes a duty of care agreement ensuring continuity of property management services in case of default, and mandates prepayment under certain conditions.
The most recent analyst rating on (SG:SET) stock is a Buy with a EUR1.90 price target. To see the full list of analyst forecasts on Stoneweg European Real Estate Investment Trust stock, see the SG:SET Stock Forecast page.
More about Stoneweg European Real Estate Investment Trust
Average Trading Volume: 351,501
Technical Sentiment Signal: Buy
Current Market Cap: €891.6M
See more insights into SET stock on TipRanks’ Stock Analysis page.