Pinsent Masons advises SERT on transformational internalisation establishing a fully integrated €3.2 billion European investment management platform

The proposed transaction represents a significant milestone in the evolution of SERT's European business. Through the acquisition, SERT will internalise its management and operating platform, combining recurring property income with asset and investment management capabilities within a single integrated structure. 

Upon completion, SERT will manage a platform comprising its existing €2.3 billion portfolio together with third-party asset management mandates and associated operating capabilities across Europe. The transaction also supports SERT's strategy of building a leading logistics and digital infrastructure platform whilst retaining access to specialist investment opportunities through strategic cooperation arrangements. 

The investment management platform formed part of the European operations acquired by Stoneweg from Cromwell Property Group in 2025. The transaction involves the internalisation of the platform, associated operating businesses and related investment management activities, creating a vertically integrated real estate investment and management business. 

Pinsent Masons delivered the legal aspects of the transaction across multiple jurisdictions, drawing on a multidisciplinary team spanning corporate, funds, tax, regulatory, commercial, real estate and employment, disciplines.

The Pinsent Masons team was led by Tim Webb, Corporate Real Estate Partner, supported by Corporate Partner Hannah Brader, Funds Partner David Young, Tax Partner Jamie Robson, Commercial Partner Danielle Clifford, Real Estate Partner, Emma Maher and Mark Tan, Corporate Partner Singapore.

James Sayer, incoming Chief Corporate and Legal Officer for SERT said: "As one of the most important strategic initiatives undertaken by SERT, this transaction demanded legal advisers with deep expertise across real estate, investment management and cross-border corporate transactions. Pinsent Masons assembled an outstanding team across Europe and Singapore and provided commercially focused advice throughout. Their responsiveness, technical excellence and ability to manage complexity across multiple jurisdictions gave us great confidence at every stage of the process."

Tim Webb, Partner at Pinsent Masons, said: "This transaction positions SERT as a fully integrated owner, operator and investment manager with the scale and capabilities to capitalise on opportunities across European real estate and related investment strategies. Bringing the management and operating platform in-house creates a business that is strategically aligned, operationally integrated and better positioned for long-term growth."

"This SERT mandate demonstrates Pinsent Masons'  capability to advise at the highest level on complex corporate real estate, investment management and private capital transactions across multiple jurisdictions."

The transaction is expected to complete on or before 31 December 2026, subject to securityholder, regulatory and other customary approvals.