Stoneweg SA, the real estate investment advisor, has successfully completed the sale of the former Casbega bottling plant in Fuenlabrada, Madrid, on behalf of the Icona Capital Group. The 211,000 sqm industrial site, acquired by Stoneweg in 2020, is strategically located near Madrid’s inner ring-road, offering excellent transport links.

The buyer, Thor Equities, plans to transform the site into a state-of-the-art data center as part of its Thor Digitaland initiative, with an investment totaling €600 million. This transaction marks a significant milestone in the collaboration between Stoneweg and Icona Capital, who have worked together for over three years.

Jaume Sabater, CEO of Stoneweg, commented:

“The successful execution of both the acquisition and sale of this asset underscores our ability to deliver strong returns for our clients.”

Max-Hervé George, CEO of Icona Capital, added:

“We are pleased with the outcome of this sale. The site’s quality and strategic location in southern Europe played a crucial role in its success.”

Key Highlights:

• Strategic Location: The site in Fuenlabrada, Madrid, benefits from excellent transport links near Madrid’s inner ring-road
• Transformative Investment: Thor Equities will invest €600 million to develop the site into a state-of-the-art data center
• Successful Collaboration: This sale marks a significant milestone in the long-term partnership between Stoneweg and Icona Capital
• Icona Capital: An independent investment group with €2.5 billion in assets under management, diversifying across real estate, credit, and private equity

The sale of the former Coca-Cola bottling plant in Madrid to Thor Equities marks a key success for both Stoneweg and Icona Capital, further reinforcing their ability to deliver strong returns and strategically position their investments for future growth. Icona Capital remains focused on diversifying across multiple business sectors while Stoneweg continues to expand its real estate portfolio.

Contact us at press@iconacapital.com