SERT is managed by Stoneweg EREIT Management Pte Ltd. (as manager of Stoneweg European REIT) and Stoneweg EBT Management Pte. Ltd (as trustee-manager of Stoneweg European Business Trust). The manager and trustee-manager (the Managers) are part of SWI Group, SERT wholly owned subsidiaries of Singapore-listed CapitaLand Investment Limited, a leading global real estate investment manager with a strong Asia foothold. The Managers are responsible for the management and administration of SERT and the implementation of SERT’s strategy for the benefit of the Securityholders. The Managers set the strategic direction of SERT and provide recommendations to the SERT Trustee on the acquisition, divestment, development and / or enhancement of SERT’s assets in accordance with its investment strategy. The Managers provide a holistic range of services that are performed by its Singapore-based team and the Europe-based teams of the subsidiaries of the Managers. The services provided by the Managers 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