Under Max‑Hervé George’s strategic vision, Icona Capital and Stoneweg, alongside CBH, have acquired Cromwell’s European platform, adding €4 billion in assets. The expanded group now manages ~€8 billion across 15 European markets, reinforcing its institutional stature and regional investment depth.
Icona joined Stoneweg as a strategic shareholder and investor in 2022, with the clear objective of making the company a leading global player in real estate. In this context, we at Icona are very pleased to have participated in this major transaction, which provides the platform for Stoneweg and Icona to achieve our goal, strengthening both our market presence and our partnership.
Max-Hervé George
Founder and CEO of Icona Capital
Under the terms of the transaction, Stoneweg will acquire:
100% of Cromwell Europe Limited;
27.8% of CEREIT;
100% of the manager of CEREIT; and
50% of Cromwell Urban Italy Logistics Fund.
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.