We are happy to announce that we have completed the acquisition process of Cromwell’s European platform along with our strategic shareholder, Icona Capital.
Further to the announcement on 23 May 2024, alternative investment group Icona Capital and Stoneweg,the real estate investment group, are pleased to announce that they have completed the transformational 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 of real estate assets under management, for a total consideration of €280 million. The new venture will control ca. €8 billion of assets, providing equity and debt investment and development expertise in technology and infrastructure, special situations, living, light industrial, logistics, hospitality, office, as well as cultural and leisure sectors.
