Valter Mainetti is the major shareholder of Sorgente Group Alternative Investment (US) that includes Sorgente Group Italia Spa, Sorgente Group of America (US), Sorgente Lux Holding Sarl (Lussemburgo). The total real estate assets owned by the funds and the underlying companies, together with the managed and administrated assets amounts to € 5,8 billion at genaury 2019.
The Group works in the sectors of real estate, finance, investment managment, infrastructures, restoration works, hotels and clinics, communications and publishing.
The operative real estate companies, financial and real estate services companies are 94 and are located in Italy, France, Switzerland, Great Britain, Luxembourg, USA and Brazil, with field offices in Rome, Milan, New York, Luxembourg and London.
Main italian real estate companies are
- Briaxis Film Srl
- Foglio Edizioni
- Musa Comunicazione Srl
- Nova Re Siiq Spa
- Nova Res, Real Estate Services (Italia)
- Sorgente REM Spa
- Sorgente SGR Spa
- Quorum SGR Spa
Nova Re Siiq Spa, listed to Borsa di Milano, completed in august 2017 the first tranche of the capital increase, as part of an industrial plan presented to the market, which provides for new equity issues of up to 400 million euro.
Among the most important operations one must point out, the acquisition in 2005 of the majority shareholding in the ownership of the Chrysler Building, through the Michelangelo Fund: this position was subsequently sold in 2008.
Between 2005 and 2009, the Michelangelo Fund acquired the majority shareholding in the Flatiron Building in New York.
In 2004 the Palazzo del Tritone in Rome has been acquired and following a careful restoration work it has became the headquarter of the Group.
In the same year Palazzo Baratti in Via del Senato in Milan has been acquired, a unique Art Nouveau example in Milan.
During 2006 Sorgente Group invested in two historical French Castles belonging to the Relais & Châteaux route: Château de Codignat in Lezoux (Auvergne) and Château de Mirambeau in Bordeaux.
Since 2017 the Group is committed with a social responsibility project, combining profitability requirements with a sustainable business. It won the public tender proclaimed by Ipab – The Regional Centre.
In 2014 a historical building in Lungotevere Aventino 4, 5 ,6 Rome, was acquired, where is now the headquarter of Fondazione Sorgente Group.
He is an Art Collector, together with his wife, Paola, leading Fondazione Sorgente Group (www.fondazionesorgentegroup.com). They both take care of Collezione M, founded in Thirties.
Valter Mainetti is Professore ad Honorem at the Univerisity of Parma, Department of Economics, where he teaches courses on the subject of Real Estate Finance History. He is President of Fondazione Sorgente Group.
In June 2013 he received the honor of Cavaliere del Lavoro for the sector “Real Estate and Finance”.
By means of the Group, 30% of Gazzetta del Mezzogiorno was acquired; by means of a subsidiary called ” Musa Comunicazione”, the Group also holds 100% shares of the newspaper “Il Foglio Quotidiano” and 80% shares of “Tempi”.
He received on December 16, 2016 the title of Honorary Professore from the University of Parma in “Corporate Finance and Real Estate” with the following motivation of the Rector Professor Loris Borghi: “For his long standing collaboration with the University (he has been Professor at our University for 10 years) in research and teaching activities related to real estate funds, being a forerunner in Italy. He also received many acknowledgements and assignments nationally and internationally”.