We manage the portfolio of all Italian assets, as well as identify and pursue investment and business development opportunities from our office in Milan.

Key facts:

  • AUM: $2.0bn (€1.9bn)

Recent highlights:

  • In February 2017, we sold two properties on behalf of Warburg-HIH Invest Real Estate GmbH; an office building in Milan and a retail asset, the Nuovo Borgo Shopping Centre, in Asti, Italy. Both properties undertook strategic asset management programmes enabling us to capitalise on the strong rental performance.
  • In November 2016, we acquired six outlet centres throughout Europe as part of a joint venture with NEINVER. Of which, two are located in Italy; Vicolungo located close to Milan and Castel Guelfo near Bologna.
  • In November 2016, in partnership with McArthurGlen, we expanded Serravalle Designer Outlet on behalf of our European Outlet Mall Fund. The expansion, across two phases, bought the total retail space of Serravalle to 51,500 sq m (554,340 sq ft).
  • In August 2016, we completed the disposal of a fully let retail park, Centro Navile, in Bologna, and Metropolis, a fully let, 25,000 sq m (269,098 sq ft) shopping centre located in Calabria. 
  • In May 2016, we acquired Meraville Retail Park in Bologna, Italy, as the first acquisition for our European Cities Fund.

Note: Key facts as at 31 March 2017.


Contact this office:

Piazza Pio XI, 1

Mario Pello

Mario Pellò

Head of Investment, Italy

After the challenging market conditions of previous years, the Italian real estate market is now working in the interests of our investors. Our experienced team continuously sources investment opportunities for our clients, focusing on those assets that will benefit from the expected rental growth.
Mario Pello

Mario Pellò

Head of Investment, Italy

With over 11 years of real estate experience, Mario oversees the asset management and investment management activities of TH Real Estate’s portfolio in Italy.

+390230315643 More about Mario
Laura Beltrametti

Laura Beltrametti

Portfolio Manager

As Portfolio Manager, Laura is responsible for the daily management of Italian assets in KAG. Prior to joining the company in 2013, Laura worked in Polis Fondi SGRpA, an Italian fund management company.

+390230315645 More about Laura