Real Estate

Mission critical assets

ICG Real Estate
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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

  • 01
  • 02
01

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.

02

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

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01

RED

RED

Jai Patel

Co-Head of Real Estate Debt

Real Estate

London

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.

02

Living

Living

Jai Patel

Co-Head of Real Estate Debt

Real Estate

London

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
Our latest thinking: The corporate credit route to urban logistics
3D illustration of ICG momentum

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

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

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

ICG Real Estate sells €138m Austrian asset back to former owner

"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," says Krysto Nikolic, Global Head of ICG Real Estate.

Green Street News
Krysto Nikolic

ICG Real Estate acquires £137m UK retail park portfolio from M7

"This transaction underscores our ability to acquire prime portfolios at attractive pricing," says Chris Nichols, Managing Director at ICG Real Estate.

IPE Real Assets
Chris Nichols

The New Paradigm of Real Estate Debt in Europe

Jai Patel, Managing Director at ICG Real Estate, contributes exclusive insights.

GRI Institute
Jai Patel

Real Estate Capital Europe’s Active Lenders

ICG Real Estate features in Real Estate Capital Europe’s Active Lenders list, a four-part guide to the finance providers making their mark in Europe.

Real Estate Capital Europe

“As global megatrends around urbanisation and digitalisation accelerate, real estate markets are being reshaped in ways that present compelling opportunities for alternative lenders.”

David Mortimer

Co-Head of Real Estate Debt, ICG

Digitalisation and European Debt Investing
David Mortimer

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 at a glance

$11.4bn €9.7bn

Total assets under management (AUM)

(30 June 2025)

14

Year track record

(30 June 2025)

€11.7bn

Total deployed1

(31 March 2025)

€7.4bn

Total realised value2

(31 March 2025)

(1) ICG Real Estate total deployed. Debt deployed = Total peak drawn capital; Equity deployed = Invested equity. (2) ICG Real Estate total realised value: Equity realised value = realised income returns + capital returned; Debt realised value = total peak drawn capital from realised loans (final realised multiple).

Introducing the Real Estate Debt team

Four members of the RED 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.

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

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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