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Icona Capital Expands European Real Estate Presence with Acquisition of Cromwell Property Group’s Fund Management Platform
Icona Capital, a leading alternative investment firm, has entered into a binding agreement to acquire Cromwell Property Group's European fund management platform and related co-investments. The deal, valued at €280 million, includes assets totaling €3.9 billion and positions Icona to lead a major expansion in European real estate markets.
Oct 21,2024
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Under Max‑Hervé George’s leadership, Icona Capital—part of SWI Group—has acquired Cromwell’s European real estate platform, adding €4 billion to its AUM. The transaction reinforces SWI’s institutional platform with regional execution capabilities across Europe.
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