In a press release, Stoneweg announced the conclusion of a binding agreement with Cromwell Property Group (Cromwell) for the acquisition of its European fund management platform and associated co-investments, representing a total of €3.9 million in real estate assets under management. Subject to transactional closing adjustments and regulatory approvals, the transaction amounts to €280 million. Effective closing is expected in the coming months.
Stoneweg acquires Cromwell's European platform
Jaume Sabater, Stoneweg
This is a machine translation. Automated translations are intended solely as a convenience and are not legally binding.
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IN THIS ARTICLE
- Companies
- Cromwell Property Group
Real Estate
- Contacts
- Jaume Sabater
Member of the Board and CEO, Stoneweg SA
- Joaquin Castellvi
Founding Partner and Head of European Acquisitions, Stoneweg SA