Barings has appointed Marco Corti as managing director and Italy country head.
Marco has worked in the Italian team as director transactions and asset management since 2017 and has quickly established himself as one of the leading real estate managers in Italy.
Some of his highlights include spearheading the successful repositioning of two Milan assets, 9-11 Via Pola and Corso di Porta Vigentina 9, into prime office assets.
‘All delivered significant return on investment and strong multiples on behalf of clients following significant asset management programmes,” said the company in a statement.
Marco assumes this role from Valeria Falcone who becomes Head of Value Add Investing Europe and will retain her position as Portfolio Manager of the Barings European Value Add stratrgy, for which she has been responsible for deploying circa €800m in real estate equity transactions in Europe over the last five years across the risk spectrum.
Both Marco and Valeria will continue to be based in Barings’ Milan office.
Valeria Falcone, Managing Director and Head of Value Add Investing Europe, commented: “Since we launched the Barings Milan office in 2015, we have established ourselves as a significant player in Italy, where we continue to source new and exciting opportunities to create value and deliver strong results on behalf of our investors. I have worked closely with Marco since he joined Barings in 2017 and I know that he will do a great job in continuing the upward trajectory of our business here.”
Marco Corti, Managing Director, Country Head of Italy, added: “In Italy we have taken a hands on approach to investment and asset management, which has enabled us to quickly become a highly regarded partner in this market. This would not be possible without our expert teams on the ground who provide us with invaluable insight and local knowledge. I would like to thank Valeria for her support and guidance over the last few years and I look forward to building on her success in the years to come.”