StoneVest

What StoneVest does

StoneVest AG is an independent, privately held real estate investment and asset manager headquartered in Zürich, Switzerland, founded in 2021 by Dr. Wulf Meinel and Bruce Jenyon. The firm specializes in Sale-and-Leaseback transactions for Light Industrial and logistics properties in the DACH region (Germany, Austria, and Switzerland), targeting operational production and warehouse facilities owned by mid-sized industrial companies (Mittelstand). It operates two investment platforms: the Industrial Properties Europe (IPE) vehicle launched in 2021 under Luxembourg law with EUR 30 million seed capital from an English family office and a target of up to EUR 500 million in DACH deployment over 3–5 years, and the German Light Industrial Properties (GLIP) joint venture with Madison International Realty formed in March 2024 with up to EUR 150 million of acquisition capacity over three years.

StoneVest acquires operationally essential real estate from corporate owners and leases it back under long-term (typically 10–15 year) contracts, enabling sellers to release capital tied in real estate while retaining use of their facilities. The firm combines an in-house asset management platform — covering tenant management, financing optimization, building modernization, and ESG upgrades — with a co-investment model in which StoneVest deploys its own capital alongside institutional and family-office LPs, aligning incentives and earning both management fees and performance returns. As of early 2026 the active portfolio comprised six Light Industrial properties across Germany (Münchberg, Mehring, Weißenburg, Berlin-Ludwigsfelde, Hilpoltstein, Ettenbeuren), with per-asset ticket sizes in the EUR 10–50 million range and an acquisition discipline defined by minimum 5-year WALT and maximum 20% vacancy.

The go-to-market relies on direct, relationship-based sourcing through the founders' and Investment Consultant Thomas Schmengler's networks, supplemented by a published acquisition profile and broker channels (Engel & Völkers Commercial, E&G Immobilien, Kocon, Swiss Recap, WIB). Capital is raised directly from institutional investors and family offices via closed-end private real estate vehicles; ancillary service providers include Willkie Farr & Gallagher (legal), JLL (valuation), Kroll (technical/ESG due diligence), EY (tax), and DZ Hyp (senior debt).

Name

StoneVest

Legal name

StoneVest AG

Website

https://stonevest.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

StoneVest is a Zürich-based, privately held real estate investment and asset manager founded in 2021 that acquires Light Industrial and logistics properties in the DACH region via Sale-and-Leaseback transactions with mid-sized industrial companies, deploying capital through its IPE platform and a Madison International Realty joint venture.

Ownership category

akta.pro rank

Headquarters

HQ city

Zürich

HQ country

Switzerland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Investment Management Fees: StoneVest acts as the asset manager and co-investor for the Industrial Properties Europe (IPE) platform (under Luxembourg law) and the German Light Industrial Properties (GLIP) joint venture with Madison International Realty. The firm earns management fees from institutional investors and family offices who commit capital to these platforms. StoneVest co-invests its own capital alongside LPs, aligning incentives and generating carried interest or performance fees.
2. Co-Investment Returns: As a co-investor alongside capital partners, StoneVest participates directly in the returns generated by individual property acquisitions and the overall portfolio performance of the IPE and GLIP platforms. Revenue is realized through property appreciation, rental income, and exit proceeds from asset sales.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

StoneVest acquires logistics and Light Industrial properties in Germany, Austria, and Switzerland, primarily through Sale-and-Leaseback transactions with mid-sized industrial companies (Mittelstand). The firm packages these into investment vehicles for family offices and institutional investors, while providing in-house asset management including financing optimization, Build-to-Core development, tenant conversions, and ESG upgrades.

Product overview

StoneVest operates as a Real Estate Investment and Asset Manager offering two interconnected investment platforms: the Industrial Properties Europe (IPE) platform (launched 2021 under Luxembourg law) and the German Light Industrial Properties (GLIP) joint venture with Madison International Realty (founded 2023). The company's core service is facilitating Sale-and-Leaseback transactions where medium-sized companies sell their operationally essential properties while leasing them back long-term. StoneVest provides professional Asset Management services including property optimization, tenant conversions, and ESG improvements. The company focuses exclusively on Light Industrial and Logistics properties in Germany, Austria, and Switzerland, with transaction sizes between EUR 10-50 million.

Differentiator

Problem solved

Functional benefit

Brands

• Industrial Properties Europe (IPE): Investment platform under Luxembourg law focused on Light Industrial and Logistics investments in the DACH region, targeting assets between EUR 10-50 million.
• German Light Industrial Properties (GLIP)

Products and services

• Industrial Properties Europe (IPE) Investment Platform Closed-end private real estate investment vehicle under Luxembourg law that acquires Light Industrial and logistics properties in Germany, Austria, and Switzerland (EUR 10–50 million per transaction), offered to institutional investors and family offices as a specialist DACH Light Industrial exposure managed by StoneVest.
• German Light Industrial Properties (GLIP) Joint Venture Co-controlled investment platform with Madison International Realty for acquiring Light Industrial properties in the DACH region, offering investors exposure to Madison-funded, StoneVest-operated DACH industrial real estate transactions.
• Sale-and-Leaseback Transactions Core transactional service in which StoneVest acquires operationally essential production and warehouse properties from mid-sized (Mittelstand) industrial companies in DACH and simultaneously leases them back to the seller under long-term (typically 10–15 year) leases, releasing growth capital for the corporate seller.
• Asset Management Services Professional management of acquired Light Industrial and Logistics properties delivered through StoneVest's in-house asset management platform, covering optimization of financing structures, tenant-led conversions, Build-to-Core development projects, and ESG performance improvements.

Quantifiable outcome

• The joint venture with Madison International Realty targets up to EUR 150 million in Light Industrial acquisitions over three years (2024-2027).
• +2 more outcomes

Named customers6 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core and standard.

• Willkie Farr & Gallagher LLPcoreImplementation/ SI/ Consulting PartnerWillkie Farr & Gallagher LLP serves as the primary legal counsel for StoneVest across its acquisition transactions in Germany, providing advice on German law matters including real estate law, corporate law, and transaction structuring. The firm has been engaged on multiple StoneVest acquisitions including those in Münchberg, Mehring, Weißenburg, Berlin-Ludwigsfelde, and Hilpoltstein.
• JLL (Jones Lang LaSalle)coreImplementation/ SI/ Consulting PartnerJLL serves as the independent property valuer for StoneVest's acquisition transactions. The firm has conducted valuations on multiple properties including those in Münchberg, Mehring, Weißenburg, and Hilpoltstein. JLL is a globally leading real estate investment management firm.
• KrollcoreImplementation/ SI/ Consulting PartnerKroll Germany conducts technical and ESG due diligence assessments for StoneVest's acquisition transactions. The firm has been engaged on properties in Münchberg, Mehring, and Weißenburg, evaluating physical property condition and environmental, social, and governance performance as part of StoneVest's investment process.
• EY (Ernst & Young)standardImplementation/ SI/ Consulting PartnerEY has provided tax advisory services to StoneVest on acquisition transactions, including the Mehring property acquisition in 2025. EY's involvement ensures tax-efficient structuring of the investment and ownership vehicles.

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Verdion: Pan-European developer and investment manager focused on logistics and light industrial real estate. Comparable by asset class, Sale-and-Leaseback orientation, and European footprint.
• Frasers Property (Europe): Singapore-listed real estate group with a European industrial/logistics platform previously led by StoneVest founder Dr. Wulf Meinel (CEO 2013–2019, building AUM to EUR 1.6B). Directly comparable operating platform and DACH exposure.
• Panattoni: Europe's largest privately owned logistics and industrial real estate developer, with extensive DACH activity including build-to-suit for Mittelstand occupiers. Highly comparable by asset class and Sale-and-Leaseback deal flow.
• Madison International Realty: Global real estate liquidity provider and StoneVest's JV partner in the GLIP platform. Operates as a capital partner sourcing real estate assets and partnering with operating managers — directly comparable co-investment and asset-light investment management model.
• Garbe Industrial Real Estate: One of Germany's largest dedicated industrial/logistics real estate developers and investors, active in Sale-and-Leaseback for Mittelstand occupiers. Closest direct peer by asset class, geography, and transaction style.

Broad incumbents

• Prologis: World's largest industrial REIT, with significant DACH logistics holdings and a build-to-suit/Sale-and-Leaseback franchise. Comparable asset class and transaction structures but vastly larger scale and listed balance sheet.
• Deka Immobilien: One of Germany's largest real estate investment managers, long-time employer of StoneVest Investment Consultant Thomas Schmengler (MD for 11 years). Comparable as a major German real estate investment manager with institutional capital.
• GLP (European operations): Global logistics-focused real estate investment manager and developer with material European presence. Competes in the same logistics/light industrial asset class but at much larger scale and with a broader geographic mandate.
• Logicor: European logistics real estate owner-operator (currently Blackstone-controlled). Comparable by logistics asset class focus and European (including DACH) footprint, though operates at much greater scale than StoneVest.

Regional players

• AEW Capital Management: Global real estate investment manager with a dedicated European logistics/industrial strategy. Comparable by asset class and closed-end fund/separate account structure, though primarily competes for institutional capital rather than Mittelstand Sale-and-Leaseback origination.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about StoneVest