Icona buys 40% stake in Stoneweg

London-based investment firm Icona Capital has bought a 40% minority stake in global real estate investor Stoneweg. The transaction creates a combined €8bn (£7bn) platform leveraging both partners’ capital sourcing, deal flow origination and asset distribution capabilities. Stoneweg said the investment would enhance its  growth trajectory as it establishes itself as a leading global real estate player, with a strong focus on sustainability. For Icona, the deal will support its  ambitious ESG-focused multi-billion-euro pipeline. Max-Hervé George, founder and chief executive 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 chief executive, Jaume Sabater, added: “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 manages more than €5bn of real estate assets in the UK and Ireland, the US and across several European countries including Switzerland, Spain, Andorra and Italy.   Icona , which manages some €3bn of assets, advises several investment vehicles across different asset classes in real estate, credit, private equity, special situations and growth equity.    To send feedback, e-mail samantha.mcclary@eg.co.uk or tweet @samanthamcclary or @EGPropertyNews