Alternative investment group Icona Capital and Stoneweg, the real estate investment group, have completed the acquisition of Cromwell Property Group’s European fund management platform and associated co-investments, including 27.8% of Cromwell European REIT, which totals €3.9 billion (£3.23 billion) of real estate assets under management, for €280 million.
Stoneweg and Icona Capital complete acquisition of Cromwell’s European platform
Deal forms €8 billion real estate-focused alternative investment platform
By Luke Haynes
CoStar News
December 24, 2024 | 11:52 AM
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Companies
- Stoneweg U.S LLC
Real Estate
- Cromwell European REIT
Real Estate
- Contacts
- Jaume Sabater
Member of the Board and CEO, Stoneweg SA
- Joaquin Castellvi
Founding Partner and Head of European Acquisitions, Stoneweg SA