Icona Capital Announces Acquisition of Island in the Maldives for Ultra-Luxury Development

Icona Capital, a leading alternative investment group, is pleased to announce its recent acquisition of an island in the Maldives. Situated within a prime location, renowned for its immaculate natural beauty, it marks a significant milestone in Icona Capital’s return to the luxury hospitality sector.

This acquisition presents an exceptional opportunity for Icona Capital to develop an ultra-luxury project. With excellent proximity to both the international Malé airport and the domestic Maamigili airport, the island offers exceptional accessibility for international travellers.

Max-Hervé George, known for his previous success with Ultima Capital in the ultra-luxury hospitality sector, which he founded in 2013, leading it to a successful IPO in 2019 before its sale in 2023, remains deeply passionate about hospitality and property development. “Our goal is to continue reinventing the concept of luxury as we did with Ultima”, said George.

With its track record of success and dedication to excellence, Icona Capital’s acquisition underscores its commitment to investing in unique and high-potential opportunities in the luxury hospitality sector.

We are thrilled to announce the acquisition of this rare island in the Maldives. This investment aligns perfectly with our vision of creating unique and exceptional investment opportunities globally.

Max-Hervé George

Chairman & CEO of Icona Capital

About Icona Capital

Icona Capital Group (www.iconacapital.com) is an alternative investment company with a strong entrepreneurial spirit that operates in various sectors, including Data Centres, Real Estate, Credit, and the Financial Sector. The company’s investment strategies are grounded in thorough research, in-depth first-hand knowledge, and the ability to efficiently implement strategies to maximise the greatest return potential.

With a keen eye on emerging opportunities and a highly skilled and coordinated team, Icona Capital’s activities stretch across Europe, covering different key capabilities.

About SWI Group

SWI Group is redefining institutional investment by creating lasting impact through innovation, synergy, and strategic expertise. As a global investment powerhouse born from the merger of Stoneweg and Icona Capital, we oversee two leading divisions—Stoneweg Real Assets and Icona Alternatives—delivering best-in-class investment solutions.

Our mission is to drive sustainable growth, resilience, and long-term value across markets, empowering businesses and communities alike. With an unwavering commitment to excellence, sustainability, and transformative partnerships, SWI Group is shaping the future of investment, setting new standards for enduring success.

To learn more about our work, please visit www.swigroup.com/portfolio.

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