Real Estate
ICG Real Estate is a high conviction thematic solutions provider for best-in-class real estate businesses and assets.
We aim to be a leading global investor. We have through-cycle expertise across the capital structure:
Equity
Seek to acquire or provide growth capital to high‐quality, mission-critical assets, portfolios and platforms
Credit
Aim to provide flexible and tailored senior and whole‐loan solutions to real estate sponsors and corporates
Thematic
Focus on strong structural tailwinds and trends: onshoring, digitalisation, living, logistics, leisure
Equity strategies
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.
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
Credit strategies
RED
RED
A secured credit strategy focused on real assets.
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.
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).
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
ICG Real Estate at a glance
$9.0bn
Total assets under management (AUM)
(31 March 2025)
13
Year track record
€11bn
Total deployed1
(30 September 2024)
€6.8bn
Total realised value2
(30 September 2024)
(1) ICG Real Estate total deployed of €11,059m across all debt and equity strategies and mandates. Debt deployed = Total peak drawn capital; Equity deployed = Invested equity. (2) ICG Real Estate total realised value of €6,761m. Equity realised value = realised income returns + capital returned; Debt realised value = total peak drawn capital from realised loans (final realised multiple).
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 footprintReal Estate in the ICG Client Lounge
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