Sorgente Group Italia Spa | Origins and history

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19th Century

The industrial origins of the Mainetti family – currently the majority shareholder of the Group – date back to the end of the 19th century in Rome with the metal-work fabrication.

1910-1943

Beginning of the activity in Rome of a company specialized in metal-work fabrication with a workshop situated in proximity to Circo Massimo conceived for the production of light to average to heavy metal work. A sophisticated craft division was maintained, responsible for the gates of the Vittoriano in Piazza Venezia a project by architect Manfredo Manfredi and for which some metal components were also realized for Palazzo del Viminale.

1945-1978

The activity in Italy continued after World War II, focusing on the realization of important mechanical plants on behalf of public and private clients including: the Synchrotron in Frascati, the Alfa Romeo in Arese, the steelworks in Terni and Taranto and the “Birra Peroni” and “Chinotti Neri” factories.

1975-1997

From the mid-1970s to the end of the 1980s important real estate and social housing development initiatives, were realized in several Italian cities but mainly in Rome, for a total amount equivalent in current value to approximately 2 billion euros.

1999

Establishment of Sorgente SGR in Rome

2001

Following the authorization of the Bank of Italy, establishment of the Michelangelo Fund, the first Italian closed-end real estate fund reserved for institutional investors.

2006

Michelangelo Fund acquires a stake in the Flatiron Building in New York

2009

Donatello Fund - David Sub-fund, acquires Galleria Colonna in Rome, renamed Galleria Alberto Sordi.

2010

Liquidation upon maturity of the Michelangelo Fund with an internal rate of return of 8.44%.

2012

Liquidation of the Baglioni Fund with an internal rate of return of 7.69%.

2015

Extension of operations – with the authorization of the Bank of Italy - for the management of funds investing in credits.

2016

Launch of the first fund specialized in Non-Performing Loans (NPL).

2011-2016

Launch of 24 real estate funds, 3 of which liquidated and 1 merged

SORGENTE GROUP ITALIA SPA

Registered and Operational Office: Via del Tritone nº 132 - 00187 ROMA
REA: RM 1214318 – VAT Code IT 10166741008
Share Capital: Euro 7.500.000 – Mezzi Propri: Euro 16.133.322
Total equity authorized of the Funds (30th of June 2018): Euro 3.191.179.238

© SORGENTE GROUP