Valter Mainetti

Valter Mainetti
Born (1947-10-28) October 28, 1947
Rome
Nationality Italian

Valter Mainetti (Rome, 28 October 1947) is an Italian entrepreneur, major shareholder of Sorgente Group Alternative Investment (US).

Biography

He graduated in 1973 in Political Science at the Sapienza University in Rome, with Aldo Moro as his thesis supervisor.

In the mid-seventies he began working in the family businesses, in activity since the beginning of the 1900s in Italy and the United States, operating within the industry of iron construction and real estate. His maternal grandfather, Luigi Binda, had in fact founded a company in New York City in 1919 specialized in the assembly of iron structures (amongst the work carried out there are also the Chrysler Building [1] and the expansion of the New York Stock Exchange). Even his paternal family’s company had been involved, since 1910,[2] in the realization of works in iron, and then following World War II began building mechanical and industrial plants, such as the Sincrotrone in Frascati, the Alfa Romeo in Arese, the Steelworks in Terni and Taranto.

In 1987 he assumed the leadership of SAGEFIM Partecipazioni Spa, the parent company of the real estate business. The company's activities had gradually been oriented towards social housing.

In 1999, with the introduction in Italy of the law on real estate funds, he completely restructured the businesses both in Italy and in the US under the brand Sorgente Group, which he conceived, directing the activities towards real estate finance [3] and the acquisition of iconic buildings.

As CEO of Sorgente Sgr, in 2001 he launched the first real estate fund, "Michelangelo",[4] intended for institutional investors, with portfolio investments in prestigious real estate such as the Chrysler Building and Flatiron Building in New York City;[5].

Through the funds managed by Sorgente Group, in 2004 Palazzo del Tritone in Rome was acquired. It is now the headquarters of Sorgente Group, hosting on the ground floor the Tritone Exhibition Space [6]. In 2006 the Palazzo la Rinascente in Piazza Fiume (Rome) was also acquired. This is the only building designed in Rome by Franco Albini, a modern-style work in the historical style of the Capital. The purchase of the Fine Arts Building in Los Angeles dates back to 2013, while the Clock Tower of Santa Monica to 2012. In 2014 a building was acquired in Lungotevere Aventino 4, 5, 6 in Rome, where now locates the headquarters of the Fondazione Sorgente Group. [7].

Today he is the major shareholder of Sorgente Group Alternative Investment (US) that includes Sorgente Group SpA (Italia), Sorgente Group of America (US), Sorgente Lux Holding Sarl (Luxembourg) and Holding Star (UK). The Group operates in the finance, real estate, investment management, infrastructures, restoration works, hotels and clinics, communications and publishing. Furthermore, Sorgente Group owns 30% of 'Gazzetta del Mezzogiorno'. By means of a subsidiary called 'Musa Comunicazione', the Group also holds 100% shares of the newspaper ‘Il Foglio Quotidiano’ and 40% shares of ‘Tempi’.

Sorgente Group manages an asset of more than €5 billion.[8]

In June 2013 he was honored in Italy with the title “Cavaliere del Lavoro” for the Real Estate and Finance Industry sector; is the first time that an entrepreneur operating within real estate finance receives the Cavalierato title.[9]

He received on December 16, 2016 the title of Honorary Professor from the University of Parma in “Corporate Finance and Real Estate”, for his long standing collaboration with the university (he has been Professor at the University of Parma for 10 years).[10]

The relationship with art

Mainetti is a collector of ancient artworks.[11]

Together with the Fondazione Sorgente Group, of which he is president, he collects classical sculptures and antique paintings, as well as committed to the recovery of Italian artworks acquired abroad, with the aim of promoting Italian cultural heritage by organizing exhibitions and events in partnership with Italian and foreign institutions and museums.[12][13][14]

Publishing Activity

In April 2016 Valter Mainetti acquired the publishing company of the newspaper Il Foglio through Musa Comunicazione, a company of Sorgente Group, of which he is the majority shareholder and CEO.

Honors and awards

See also

References

  1. ↑ Valter Mainetti - immobiliaristi si diventa con la tenacia Archived 2015-04-02 at the Wayback Machine., intervista di Laura Lepri per RE Real Estate, dicembre 2010, pag. 109-117
  2. ↑ Sorgente Group, 2 mln mq complessiviPatrimonio immobiliare in espansione - Affaritaliani.it
  3. ↑ Sorgente Group vuole Palazzo Chigi - Panorama
  4. ↑ Comunicato stampa - Fondi immobiliari: Michelangelo valorizza le quote a 108.818 euro
  5. ↑ Intervista a Valter Mainetti, a.d. di Sorgente Group: «A New York abbiamo il Flat Iron e ora puntiamo all'Empire State Building»
  6. ↑
  7. ↑
  8. ↑ Immobiliare: Sorgente Group arriva a un patrimonio di 2 milioni di mq - ASCA.it
  9. ↑ Cavalieri Lavoro: Mainetti 1* insignito settore finanziario-immobiliare - ASCA.it
  10. ↑ Valter Mainetti Professore ad Honorem in Finanza Aziendale
  11. ↑ Il marmo, che passione! - Il Sole 24 ORE
  12. ↑ Il Giornale delle Fondazioni - «Il Passato È Dolce, Il Presente È Mobile»
  13. ↑ Tritone: nuovo spazio per l'arte - Il Sole 24 ORE
  14. ↑ Les grandes marques au chevet des monuments italiens
  15. ↑ Sito web del Quirinale: dettaglio decorato - website of the Italian President
  16. ↑ L'Università di Parma nomina Professore ad Honoremil patron di Sorgente Group Valter Mainetti
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