Geneva, Switzerland, October 31, 2022 /PRNewswire/ — Stoneweg SA (“Stoneweg”), the real estate investment advisor, on behalf of Icona Capital Group (“Icona”), has completed the sale of Casbega’s former bottling plant in Fuenlabrada, a large industrial company Madridto Thor Equities (“Thor”).
Stoneweg acquired the former bottling plant in the Nino del Remedio industrial estate in 2020. The 211,000 m² industrial area is adjacent Madrids Inner Ring Road is strategically located in the municipality of Fuenlabrada and benefits from excellent transport links. The sale to Thor as part of its stated expansion to build Thor Digitaland will result in an investment of €600 million and transform the site into a state-of-the-art data centre.
Jaume SabaterStoneweg CEO commented: “Stoneweg has become an extremely trusted partner of Icona having completed the initial acquisition of this asset as well as its successful sale, just two examples of our team of professionals’ ability to deliver strong returns on behalf of our clients. We hope to continue our relationship with Icona and look forward to working with them again in the future.”
After completing this significant deal, Max-Hervé George commented: “We worked closely with Stoneweg to find a location of this quality in Madrid as part of our investment expansion south Europe. We were delighted that Thor recognized his location and opportunity.”
Stoneweg headquartered in Genevaidentifies real estate opportunities, structures investment products and manages dedicated mandates in Switzerland, Spain, Andorra, ItalyGreat Britain, Ireland and the United States of America. It has experienced strong growth since it was founded in 2015 and now employs over 140 professionals.
Icona is an independent investor controlled by Max-Hervé George. It is headquartered in London with other offices in Geneva and Luxembourg. Icona manages gross assets of more than 2.5 billion euros in various business areas…
