STONEWEG EUROPEAN REIT RAISES €500m IN GREEN BOND ISSUE

Stoneweg European Real Estate Investment Trust (REIT), formerly Cromwell European REIT, has successfully raised €500 million through its first green bond issue, reflecting overwhelming investor confidence. The newly emitted bond was five times oversubscribed, attracting demand over €2.4 billion from more than 100 major international debt investors.

The six-year bonds were taken up by institutional investors, with proceeds to be used almost immediately to redeem the outstanding notes due November 2025, for general corporate purposes and to finance eligible green assets and projects.

Simon Garing, CEO of Stoneweg European REIT, said: “We are thrilled by the overwhelming response from investors to our green bond issue, which demonstrates strong confidence in our platform and strategy. This €500 million bond marks a key milestone in our sustainability journey. We are committed to deploying these funds to accelerate the development of green assets and projects across Europe.”

Last week, Stoneweg European REIT updated its Green Financing Framework, originally established in April 2022, to reflect updates to its name change, in alignment with its sponsor, the common platform Stoneweg and Icona Capital.

Max-Hervé George, Founder and CEO of Icona Capital, added: “This green bond issue underscores the strength of our partnership with Stoneweg and our shared commitment to delivering impactful, sustainable investments. By focusing on environmentally responsible financing, we are aligning our platform with the future of global investment strategies.” 

Jaume Sabater, Co-Founder and CEO of Stoneweg, commented: “This successful green bond issue highlights our ability to attract top-tier investors and reinforces our position as a leader in sustainable investment. We are not only supporting the global green transition but also unlocking long-term growth potential.”

Stoneweg Icona Capital Platform with its subsidiaries and associates, is the sponsor and 28% substantial unitholder of Stoneweg European REIT. The venture by alternative investment group Icona Capital and real estate investment group Stoneweg currently has around €9bn of assets under management.

Icona Capital Group (www.iconacapital.com) is an independent investment firm and financial advisory business established by Max-Hervé George. It is registered and headquartered in London with further offices in Singapore, Geneva and Luxembourg. It advises a number of its own special purpose vehicles across different business segments in real estate, credit, private equity and special situations.

Stoneweg is a global alternative investment group headquartered in Geneva, Switzerland. Founded in 2015 by a team of seasoned investment professionals, the Group has since grown its platform and capabilities both organically and through strategic acquisitions. It currently has ca. €8.0 billion of assets under management. Stoneweg is a trusted partner to, and investment manager on behalf of, a wide range of global and local investors, capital allocators and finance houses. Through a range of tailored solutions, including club deals, joint ventures and co-investments, it has a strong investment track record across a range of strategies, both private and listed, and asset classes. The Group has an established network of local operating teams focused on identifying, developing and managing real estate and other alternative investments globally. It currently employs over 300 professionals across 15 European countries, the US and Singapore.