London-based investment company Icona Capital has acquired a 40 percent minority stake in global real estate player Stoneweg. Financial details were not disclosed. The transaction creates a combined €8 billion platform, which both companies claim exploits their capital sourcing, deal flow origination and asset distribution capabilities.
Stoneweg has been identifying real estate opportunities and structuring investment products in Switzerland, Spain, Andorra, Italy, UK, Ireland and the US since 2015. The company has enjoyed a strong period of growth since its inception and now employs over 140 professionals managing more than €5 billion of real estate assets. Icona, an independent investment firm headquartered in London, advises several investment vehicles across different asset classes in real estate, credit, private equity, special situations and growth equity. Most of Icona’s €3 billion assets are controlled and managed by a team led by Max-Hervé George, founder and CEO of Icona.
Source: https://propertyeu.info/Nieuws/Icona-Capital-acquires-40-stake-in-Stoneweg/869216e9-4095-43c4-bd9c-71dd6c363b08, on 12.01.2023