Stoneweg EREIT Management Pte. Ltd. is the Manager of Stoneweg European REIT (“SERT”). The Manager has general powers of management over the assets of SERT and manages its assets and liabilities for the benefit of the Unitholders. The Manager sets the strategic direction of SERT and provides recommendations to the SERT Trustee on the acquisition, divestment, development and / or enhancement of SERT’s assets in accordance with its investment strategy.
The Manager provides a holistic range of services and these services are performed by its Singapore-based team and the Europe-based teams of the subsidiaries of the Manager. The services provided by the Manager and its subsidiaries include, but are not limited to the following:
Investment management
Formulating SERT’s investment strategy, including determining the location, sub-sector type and other characteristics of SERT’s property portfolio, overseeing the negotiations and providing supervision in relation to investments of SERT, and making final recommendations to the SERT Trustee
Asset management
Formulating SERT’s asset management strategy, including determining the tenant-customer mix, asset enhancement plans and rationalising operational costs, providing supervision in relation to asset management of SERT and making final recommendations to the SERT Trustee on material matters
Capital management
Formulating the plans for equity and debt financing for SERT’s property acquisitions, distribution payments, expense payments and property maintenance payments, executing SERT’s capital management plans, negotiating with financiers and underwriters, and making final recommendations to the SERT Trustee
Finance and accounting
Preparing accounts, financial reports and annual reports for SERT on a consolidated basis
Compliance
Making all regulatory filings on behalf of SERT and using commercially reasonable best efforts to assist SERT in complying with the applicable provisions of the relevant legislations pertaining to the location and operations of SERT, the listing manual of the SGX-ST, the Trust Deed, any tax ruling and all relevant contracts
Risk management
Implementation of the enterprise risk management framework to set out enterprise level governance, practices and policies. Assess and ensure adequate mitigation of enterprise risk exposures associated with key business operations;
Investor relations
Communicating and liaising with investors, research analysts and the investment community
ESG
Devising and executing SERT’s sustainability strategy and plans, including managing stakeholder relations and preparing and submitting annual sustainability reports and other relevant reports such as GRESB