Valter Mainetti 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 (Lussemburgo). The total real estate assets owned by the funds and the underlying companies, together with the managed assets – at 30th june 2017 – amounts to over € 5 billion.
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 70 and are located in Italy, France, Switzerland, Great Britain, Luxembourg, United Arab Emirates, USA and Brazil, with field offices in Rome, Milan, New York, Luxembourg and London.
Main italian real estate companies are
- Sorgente SGR Spa
- Nova Re Siiq Spa
- Sorgente REM Spa
- Musa Comunicazione Srl
- Il Foglio Edizioni
- Quorum SGR Spa
- Briaxis Film Srl
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. On the ground floor is placed the Tritone Exhibition Space, which belongs to Fondazione Sorgente Group, a landmark cultural centre which hosts various events as well as with archeological and painting exhibitions. 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.
From 2006 Sorgente Group owns the Rinascente Building in Piazza Fiume in Rome, the only one designed by Franco Albini in the Capital, a modern integration in the historical roman environment. The acquisition of the Fine Arts Building of Los Angeles first and then of the Clock Tower of Santa Monica are dated in 2012 and 2013 respectively.
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”.
He is board member of Fondazione Musica per Roma.
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”.