Stoneweg launches London office

Stoneweg has set up shop in Marylebone and made a flurry of hires, as the real estate investment adviser looks to establish a presence in London. The firm, which has offices across Europe and the United States, said the move was part of a push towards building greater local knowledge in the capital. It comes as the firm hires James Young and James Martinelli, both former senior employees at Artemis Investment Management, in business development roles. Young, who joins as business development head, was sales chief at Artemis for six years while the company sought to build a more international presence. James Martinelli also joins from Artemis, where he spent 14 years. There, he was responsible for developing client relationships across Europe. Stoneweg boasts a portfolio value of €3bn across Spain, Ireland, Switzerland, Italy and the United States. The company said it hopes to build out its operational presence in London over the medium term as it considers more UK investments. Jaume Sabater, founding partner and chief executive at Stoneweg, said the move was an “important step” for the firm. “We pride ourselves on our local expertise and this presents an exciting opportunity to expand the team here further in the future to source potential investments in the UK,” he said. “It’s important that we put the infrastructure in place to allow Stoneweg to grow and this includes investing in new and skilled people. “I have known James Young since 2001 and he brings a wealth of experience in managing and building distribution teams to our business. “Along with James Martinelli, their knowledge of various strategies will help us with our ambitious growth plans.”