Barings Real Estate Advisers, part of Barings LLC, one of the world’s largest diversified real estate investment managers, announces that as a part of the ongoing expansion of its European capabilities it has appointed Marco Corti as Director, Transactions and Asset Management in Italy. Marco will be based in Milan reporting to Country Head of Italy, Valeria Falcone, who is expanding her role by becoming the Portfolio Manager for a pan-European value add strategy.
Marco Corti has over 15 years industry experience and joins from Invesco Real Estate where he was Head of Asset Management in Italy. He was previously a Senior Associate in the real estate team of Doughty Hanson & Co, part of a team managing a substantial pan-European fund and before that held positions at CBRE Global Investors focused on the Italian market.
Marco will help drive Barings Real Estate Advisers’ investment and asset management activities in Italy. Barings Real Estate Advisers made its maiden Italian investments earlier in 2017 with the €44.4 million acquisition of a Milan office for a pan-European value add strategy and a €51.5 million acquisition of a retail centre in Asti for a pan-European core investment strategy.
Valeria Falcone, who joined Barings Real Estate Advisers in 2015, will continue to be Barings Real Estate Advisers country head for Italy, and will expand her role to include being the portfolio manager for a pan-European value-add strategy.
Charles Weeks, Head of Real Estate Europe, said: “We are delighted to welcome Marco to our Italian operations. With Valeria transitioning to her new role, Marco’s appointment will ensure our presence, profile and activity levels in Italy are maintained and enhanced.”
Valeria Falcone, Managing Director, said: “Marco is a great addition to our team and his appointment demonstrates our commitment to expanding the European real estate platform and strengthening our team in Italy. I’m also looking forward to my expanded role where I can use my 20 years of industry experience and work with our local teams to source value add investments across Europe.”
Marco Corti commented: “It is an exciting time to join Barings Real Estate Advisers and I am looking forward to helping grow our business in Italy. I was attracted by their significant ambitions for Italy in multiple investment strategies. My focus will be deal sourcing as well as asset management.”
Source : Company