London-based investment firm Icona Capital has acquired a 40% minority stake in Stoneweg, a real estate investment company headquartered in Geneva, Switzerland.
This agreement enhances Stoneweg’s growth trajectory as it establishes itself as a leading global real estate player, with a strong focus on sustainability, said the companies in a joint statement.
Stoneweg, the real estate asset manager and investment advisory group, was established in 2015.
”The strategic partnership will support Icona’s ambitious ESG-focused multi-billion pipeline comprising prime real asset investments in critically dislocated markets. The transaction creates a combined €8 billion platform leveraging both partners’ capital sourcing, deal flow origination and asset distribution capabilities,” said the companies.
Max-Hervé George, founder and CEO of Icona Capital, said: “We see tremendous growth potential utilising the extensive synergies our firms can reap from tapping into our unified vision, entrepreneurial spirit and creativity. Building on Stoneweg and Icona’s previous successes together, it was only natural to cement this partnership and bring together our skills and expertise to provide further momentum to our businesses.”
Stoneweg founder and CEO, Jaume Sabater, commented: “Icona’s investment in our fast-growing business is a tremendous show of support and a testament to the quality of our advisory and investment work, as well as our industry leading sustainability credentials. We have collaborated with Icona for a long time and look forward to continuing to work together to deliver for our clients in the years ahead.”
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 now employs over 140 professionals managing more than €5bn of real estate assets.
