Global real estate company Stoneweg has launched a leisure property investment venture with a plan to commit an initial €100 million across seven projects in Spain, France and the US.
The manager said the Stoneweg Places & Experiences platform is investing €20 million to develop three projects in Spain, adding that it has four other projects in the pipeline in Paris, Miami, and Barcelona, which will bring the total initial investment in the platform to €100 million, funded through a mix of Stoneweg and client capital.
The Spanish projects include Palau Martorell, a multipurpose space hosting temporary exhibitions by established, international artists, located in the Gothico District in Central Barcelona; The America’s Cup Experience, the official general public exhibition and immersive experience centre for the 37th Americas Cup; and The Belbo Collection, a Mediterranean-themed casual dining concept across an initial five restaurants in Barcelona and Madrid city centre locations.
Source: realassets.ipe.com on the 20th of September 2023