Operator
Good morning, and welcome to the Stoneweg Europe Stapled Trust Third Quarter Business Update. We will begin with remarks from the CEO of the Manager, Simon Garing, followed by Q&A. [Operator Instructions]
Now I will hand across to the CEO of the Manager of the Stoneweg Europe Stapled Trust, Simon Garing. Simon, over to you.
Simon Garing
CEO & Executive Director of Stoneweg EREIT Management Pte. Ltd
Thanks, Kara, and good morning, and thank you for joining us today for the Stoneweg Europe Stapled Trust or SERT for short, our third quarter briefing for this year. The photo montage highlights a selection of SERT’s assets, typically large, well-located Logistics and Light Industrial properties and Grade A office buildings. These range from core to value-add type, demonstrating our barbell approach to portfolio construction.
We continue to execute on our stated investment strategy of pivoting further to logistics and data centers. We are focused on core Western European markets and the Nordics, which together represent 86% of our current portfolio. As a reminder, almost 93% of SERT’s portfolio is held under freehold title and nearly all leases feature inflation-linked rent escalators or indexation, supporting steady annual income growth.
So we announced a couple of months ago that we continue our pivot towards the Logistics, Light Industrial and Data Centers now targeting to be 70% by
