Stoneweg has completed, on behalf of the Icona Capital Group, the sale of the former bottling plant of Casbega in Fuenlabrada, a large industrial site in Madrid, to Thor Equities.
Stoneweg acquired the former bottling plant in the Nino del Remedio Industrial Estate in 2020. The 211,000 sqm of industrial space adjacent to Madrid’s inner ring-road is strategically located in the municipality of Fuenlabrada and benefits from excellent transport links. The sale to Thor, as part of its own stated expansion to build up Thor Digitaland, will result in an investment of €600 million and turn the site into a state-of-the-art data centre.
Jaume Sabater, CEO of Stoneweg, commented: “Stoneweg has become a highly trusted partner of Icona, having executed the original acquisition of this asset as well as its successful sale, just two examples of our expert team’s ability to deliver strong returns on behalf of our clients. We hope to continue our relationship with Icona and look forward to working with them again in the future.”
Speaking after closing this substantial deal, Max-Hervé George commented: “We worked closely with Stoneweg to locate a site of this quality in Madrid as part of our investment expansion into southern Europe. We have been very pleased that its location and opportunity has been recognised by Thor.”
Icona is an independent investor controlled by Max-Hervé George. It is headquartered in London with further offices in Geneva and Luxembourg. Icona has more than €2.5bn of gross assets under management across different business segments ranging from real estate, credit and private equity to special situations.