The Singapore-listed, Stoneweg Europe Stapled Trust (SERT), has invested an additional €50m in AiOnX, the sponsor’s private European data centre development platform.
The latest investment came after the SERT first made a €50m equity investment in AiOnX in June last year.
Simon Garing, chief executive of the manager, said the MCL had been structured to deliver immediate distribution benefits and to convert into equity at a significant discount.
“This investment increases SERT’s data centre allocation to around 7.2% and supports our medium-term objective of achieving 15–25% exposure to the sector for SERT,” he said.
He said demand for AI-ready and cloud-enabled digital infrastructure continued to accelerate across Europe, driven by constrained power availability and strong hyperscaler expansion.
Garing added that AiOnX was exceptionally well-placed to capture this demand with power-ready, strategically located sites and a proven development model that generated substantial early-stage development profits once power, permitting, and pre-lease commitments were secured.
Max-Hervé George, CEO of SWI Capital Holdings, said: “SERT’s increased commitment reflects our shared confidence in the continued build-out of AiOnX, which provides power-ready, scalable sites serving the growing needs of AI and cloud customers across Europe. We value SERT’s disciplined, incremental approach as we progress the pipeline and create long-term value together.
“The timing also follows our recent milestones. In February, we announced the majority acquisition of Polarise, a leading European NVIDIA-Preferred Partner valued at €500m, with a further €1bn funding commitment,” he said.
