ICG Real Estate (“ICGRE”), the real estate division of global alternative asset manager, ICG, today announced that it has sold an asset based in Jenbach, Austria, to market-leading manufacturer and servicer of reciprocating gas engines, INNIO Group (“INNIO” or “the Company”), for €138m. Executed on behalf of ICGRE’s Strategic Real Estate I Fund, the sale takes place two years ahead of schedule, achieving returns materially in excess of initial projections.
ICGRE first acquired the asset from INNIO in October 2020 through a sale-and-leaseback agreement in which the Company leased back the site on a 20-year triple-net lease with annual 2% rental uplifts.
The asset serves as INNIO’s Headquarters and its primary centre for research, technology development, digital evolution and the manufacturing of its Jenbacher gas engines and energy solutions.
Krysto Nikolic, Global Head of ICG Real Estate, commented:
We are delighted to dispose of this asset, significantly ahead of schedule and to the mutual benefit of INNIO and our investors. This sale affirms our core thesis of value creation through sourcing of mission-critical real estate and the engineering of innovative solutions for corporate occupiers, ensuring their long-term infrastructure needs while generating meaningful outperformance.
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For further information please contact:
Clare Glynn
Head of Corporate Communications
+44 20 3545 1395
[email protected]
Maisie Le Masurier
Corporate Communications
+44 20 3545 1624
[email protected]
About ICG
ICG (LSE: ICG) is a global alternative asset manager with $124bn* in AUM and more than three decades of experience generating attractive returns. We operate from over 20 locations globally and invest our clients’ capital across Structured Capital; Private Equity Secondaries; Private Debt; Credit; and Real Assets. Our exceptional people originate differentiated opportunities, invest responsibly, and deliver long-term value. We partner with management teams, founders, and business owners in a creative and solutions-focused approach, supporting them with our expertise and flexible capital. For more information visit our website and follow us on LinkedIn.
*As at 30 September 2025.
Past performance is not a reliable indicator of future results.
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