Mario Abbadessa Rejoins Hines Europe
- Nov 30, 2015
By Adriana Pop, Associate Editor
Hines has announced that Mario Abbadessa has rejoined the firm as director of the company’s further investment in Italy.
Abbadessa will be in charge of the firm’s deal sourcing in Italy on behalf of various discretionary and non-discretionary investment vehicles, as well as investors with interest in one-off deals. Abbadessa will be based in London, but will spend half of his time in Italy.
For five years, Abbadessa was part of Hines’ acquisition team in Milan, where he served as a fund manager with Hines Italia SGR. Hines recently sold its interests in its regulated Italian fund management business to Manfredi Catella, who previously served as Hines’ country head for Italy.
Abbadessa will work with London-based fund managers Peter Epping, Paul White and their teams, as well as Hines European leadership, including CEO Michael Topham, CFO Lars Huber and Senior Managing Director Andreas Schreurs.
“Italy has long been and continues to be a strategic market for Hines. Mario’s return to the firm allows Hines to continue building on the legacy we have developed in Italy with new opportunities to continue to invest and develop here,” said Topham.
“Hines is proud of the trust placed in us by our investors. With Mario’s leadership and expertise in Italy, we look forward to finding new opportunities to place their capital in Italy,” added Huber.
Since entering Italy in 1999, Hines has developed 20 projects, including the landmark mixed-use development Porta Nuova in Milan, which includes more than 1.5 million square feet (140,000 square meters) of office space, about 1.3 million square feet (125,000 square meters) of residential space and 430,000 square feet (40,000 square meters) of retail and cultural venues. Hines sold the 28-building mixed-use property to the Qatar Investment Authority in spring 2015.
Image courtesy of Hines