Real Estate

ICG Real Estate

ICG Real Estate
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ICG Real Estate is a high conviction, thematic capital solutions provider for best-in-class real estate businesses and assets.

 

We have long-standing, through-cycle expertise investing across the capital structure and aim to be a market leader in European liquidity and income focused strategies.

 

The ICG Real Estate advantage

We aim to differentiate our approach, coupling corporate and hard asset expertise with a partnership mentality to build best in class scalable real estate businesses.

  • We are capital solutions providers, partnering with corporates and other sellers to unlock liquidity
  • We have established sourcing channels, generally off market via corporates and other special situations
  • We aim to excel in complexity – our sourcing, structuring and execution skills can result in significant day one value for our investors
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ICG Real Estate at a glance

€10.8bn

Total assets under management (AUM)

(31 March 2026)

15

Year track record

(30 June 2026)

€14.5bn

Capital deployed1

(30 June 2026)

€9.1bn

Realised value2

(30 June 2026)

(1) ICG Real Estate capital deployed = Total investment cost / gross loan commitment since inception. (2) ICG Real Estate realised value = Inclusive of realised income return and capital returned.

Leadership

ICG Real Estate's ~50 investment professionals are located in London, Paris, Frankfurt and New York. Its dedicated teams span Asset Management, Construction and Capital Markets.

Krysto Nikolic

Global Head of Real Estate

Krysto Nikolic is a Senior Managing Director and Global Head of Real Estate at ICG.
View Biography
Krysto Nikolic

Credit strategies

A pioneer in Real Estate Credit with speciality focus on the mid-market


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Real Estate Credit

Real Estate Credit

A secured credit strategy aiming to provide flexible and tailored senior and whole‐loan solutions to real estate sponsors and corporates

Thematic driven, pan-European whole and development loan strategy, primarily focused on investments supporting digitisation, urbanisation and the green transition across the UK, France and Germany.

Watch ICG Real Estate Credit Video
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Living

Living

Dedicated housing finance team with £1.9bn deployed into residential across over 14,000 units.

Focused on urbanisation which offers structural tailwinds and strong inflation protection, with urban populations projected to increase 1.85x in European cities by 2050 (Source: World Bank, 2023).

Core-Plus and Opportunistic strategies

A leading European net lease investor, acquiring or providing growth capital to high‐quality, mission-critical assets, portfolios and platforms


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Metropolitan

Metropolitan

Opportunistic real estate equity thematic investments in high-quality assets at attractive pricing.

Focused on European logistics, where Metropolitan's competitive edge lies in accessing high quality warehouse assets at a material discount to market through proprietary, non-traditional channels and below the radar of our competitors.

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Strategic Real Estate

Strategic Real Estate

Acquires high quality European real estate, primarily through sale-leaseback transactions.

Pan-European strategy targeting operationally critical real estate in strong occupational markets. Focused on three high conviction sectors:

  • Industrial/logistics
  • Grocery
  • Social infrastructure

ICG Real Estate in the news

How the team and its work is being covered by the news media

ICG’s Greg Minson comments on driving Metropolitan to €3bn

Green Street News
Greg Minson

21 women who will shape the future of UK Real Estate

Isobel Dench, Managing Director at ICG Real Estate, was named by Bisnow as one of 21 women who will shape the future of UK Real Estate.

BisNow
Isobel Dench

ICG closes second Metropolitan opportunity fund with €1.4bn

PERE's Charlotte D'Souza reports that 'the vehicle is more than five times the size of its predecessor, and will be invested in triple-net lease industrial and logistics assets across Western Europe'

PERE
A Large distribution warehouse with gates for loading goods

Twenty Most Influential in Real Estate 2026

Krysto Nikolic, Global Head of ICG Real Estate, was named as one of twenty ‘Most Influential in Real Estate 2026’ by Private Equity News.

Private Equity News
Krysto Nikolic

ICG Real Estate acquires £200m “Springbox” UK logistics portfolio

Green Street News

Commercial Real Estate Debt Manager of the Year

For a third consecutive year, ICG was awarded 'Commercial Real Estate Debt Manager of the Year' at the 2025 Professional Pensions Awards.

Professional Pensions Awards 2025
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ICG Real Estate provides Arada London with £152m loan for 251-unit residential development in NW London

“This scheme will deliver an attractive turnkey product into a highly supply-constrained submarket, alongside a significant affordable housing provision that will serve both domestic and international residents,” says Jai Patel, Managing Director of ICG Real Estate.

Property Week
Jai Patel

ICG Real Estate agrees to acquire €200m European grocery store portfolio from Lidl

Sale-and-leaseback includes 17 UK stores, four Irish and three Spanish

CoStar

ICG Real Estate completes sale of prime urban logistics facility in Munich to Global Gate Capital for €22m

“Through this disposal we have been able to deliver an attractive outcome for our clients while meeting ICGRE’s strategic objective of exiting select assets within our portfolio,” says Krysto Nikolic, Global Head of ICG Real Estate.

Real Estate Capital Europe
Krysto Nikolic

Global breadth, local knowledge

ICG Real Estate’s dedicated, vertically integrated global team has a local presence in cities in Western Europe and North America.

ICG’s global footprint
ICG New York
Boardroom in ICG New York office

Introducing the Real Estate Credit team

Four members of the team take a look at current trends in the European real estate debt market, including urbanisation, digitalisation and sustainability.

Watch the full films, summarised in this short video, in the ICG Client Lounge.

Real Estate in the ICG Client Lounge

Find out more about mission-critical assets strategies within our digital hub for clients and consultants.

Explore
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Get in touch

To find out more about our flexible solutions for both providers and users of capital, please contact us.

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