2016 saw the launch of the Mercury Fund, a separate account fund managed on behalf of CONAD (the largest consortium of independent retailers in Italy) and Gruppo Cattolica Assicurazioni (a leading Italian insurance company).
The Fund allows CONAD to sell and lease back 66 of its retail properties in Italy, worth approximately EUR 300m, enabling the firm to focus on its core retail activities. The Mercury Fund, along with other initiatives launched in 2016, saw our AuM in Italy pass the EUR 2bn mark. We also transacted over EUR 1.1bn of deals in the country last year, representing c. 15% of the total market.
Giuseppe is responsible for developing the strategy for Savills Investment Management's Italian platform covering new business as well as the management of existing funds. Giuseppe has 26 years of experience. Giuseppe has significant experience in corporate finance having worked at SBC Warburg in London and Milan, ABN AMRO Bank and Babcock & Brown. Previously he was the founding partner and responsible for mergers and acquisitions activity at Hideal Partners which was formed from a successful management buy out of the European infrastructure business of Babcock & Brown.