CA Ventures appoints Managing Director for Italy
CA Ventures, the USD10.2 billion Chicago-based, vertically integrated real estate investment company, has appointed Giuseppe Zafferri as Managing Director in Italy.
Zafferri joins CA Ventures from Eurotekna Milan, an Italian real estate general partner, where he has spent the last 12 years, most recently as Head of Acquisition, Project & Construction Management. There he worked on joint ventures with companies including JP Morgan and BlackRock.
CA Ventures, which launched its European offering in September, has committed to spending EUR170 per annum in the country, focusing primarily on the cities of Milan, Turin, Bologna and Florence. its offices are in Milan.
Carlo Matta, Head of Europe, CA Ventures, says: “We are pleased to welcome Giuseppe Zafferri to the team in Italy. Giuseppe has a breadth of experience in both acquisitions and development in the Country. He shares our belief that Italy offers enormous opportunity in the next decade, starting with Milan, where the city’s universities offer a truly international curriculum and have a large student body. We also see great potential for developments in Turin, Bologna and Florence.
“We are vertically integrated, and we manage all the properties we develop; this is especially important in a market like Italy where both PBSA and BTR are nascent asset classes and good managers are few and far between. Controlling the process from investment management to development to property and asset management allow us to control risk and create value for our investors. After UK, Ireland, Netherland and Spain, we look forward to establishing a presence in Italy and work with municipalities, landowners and developers on the next generation of PBSA and BTR developments in Italy.”
Giuseppe Zafferri, Managing Director, Italy, CA Ventures, says: “I am truly excited to be joining CA Ventures at such an exciting time for the company. The Italian market is an attractive proposition and I think the arrival of a company like this speaks volumes. CA Ventures were pioneers in developing purpose-built student living communities with amenities of the highest quality and, to date, has delivered over 50,000 beds, located around some of the largest universities in the United States.”