Matteo ValdresciChief Executive Officer

Matteo Valdresci · Chief Executive Officer · Europe

The changing scope behind my property career

Chief executive officer

Calverrano Estates

Sector
Commercial-property ownership and reuse
Ownership
Family-controlled group with professional executive management
Company scale
€112 million rental income in 2025; €1.8 billion gross asset value at December 2025
Employees
210 employees
Geography
Italy and Spain; thirty-eight properties, approximately 620,000 square metres
Reporting to
Board led by a separate chair
Team
Eight executive reports
Financial scope
Enterprise performance, portfolio recommendations, financing and capital deployment within board approvals

Mandate

Improve the usefulness and funding resilience of the portfolio while clarifying professional management within family ownership

Outcomes

  • Phased refurbishment around occupied-building constraints with its added cost approved
  • Kept conversion overruns and leasing progress in the same investment account
  • Spread €180 million of concentrated debt maturities at a stated higher coupon
  • Executed the approved sale of the former family headquarters

Decisions in context

The CEO appointment gave me responsibility for the portfolio's complete commercial and capital account. I became an executive director while the family retained ownership control and a separate chair led the board. My remit includes proposing the use of capital, overseeing finance and operating leaders, and executing decisions within the agreed authority. Current scale figures describe the 2025 portfolio rather than the company as it stood when I was appointed. I have led choices that required an explicit cost for flexibility: longer occupied works, a distributed maturity calendar and more dependable contractor payments. I have also recommended disposal where another investment lacked a convincing purpose. The role depends on clear boundaries between a professional recommendation, a board approval and the ownership preferences that the family is entitled to express through the proper process.

Reason for the move

Current leadership role; first non-family CEO of the business

Chief operating officer

Calverrano Estates

Sector
Commercial-property asset and operating management
Ownership
Family-controlled estate company
Company scale
Approximately €76 million annual rent at entry
Employees
145 employees at appointment
Geography
Twenty-nine properties in Italy and Spain
Reporting to
Family chief executive
Team
Six asset, facilities and project leaders
Financial scope
Operating budgets and proposed refurbishment expenditure; financing and major disposals retained by CEO and board

Mandate

Create a consistent view of building condition, occupation and capital requirements

Outcomes

  • Combined asset, facilities and project evidence in property reviews
  • Introduced clearer reporting of occupation constraints before refurbishment approval
  • Established a common account of unresolved handover and maintenance issues

Decisions in context

I joined to strengthen the operating account of a portfolio whose properties had often been discussed through different local histories and reporting habits. My responsibility covered asset, facilities and project teams, but major financing and disposal choices remained above my remit. I worked with colleagues to describe condition, occupation and proposed expenditure on a comparable basis without discarding the local knowledge that explained each building. The role required patience in a family-controlled setting: a more consistent report had to help the owners decide, rather than imply that their experience was irrelevant. I also focused on the handover between works and ongoing management, where unresolved items could otherwise lose attention. The move to CEO followed a deliberate change in the leadership model and widened my accountability to the financial and ownership choices I had previously supported with operating evidence.

Reason for the move

Appointed to the chief executive position as the family moved to professional executive leadership

Portfolio director

Rovellune Properties

Sector
Office and mixed commercial assets
Ownership
Privately owned property investment company
Company scale
Approximately €44 million annual rental income in assigned portfolio
Employees
Twenty-four asset and operating colleagues in remit
Geography
Sixteen Italian properties; approximately 260,000 square metres
Reporting to
Managing director
Team
Five asset managers and associated operating support
Financial scope
Portfolio operating performance and investment recommendations; debt arrangements approved centrally

Mandate

Coordinate lease events, building needs and capital timing across the assigned portfolio

Outcomes

  • Linked major lease decisions with the refurbishment calendar
  • Distinguished necessary building work from speculative repositioning proposals
  • Established post-completion reviews connecting project expenditure and leasing outcomes

Decisions in context

The portfolio role required me to compare properties rather than optimise one asset in isolation. I oversaw sixteen buildings and worked with asset managers on leasing, condition and investment proposals. Rental income in this entry refers to the assigned portfolio, not the entire company's turnover. I did not control the group's financing arrangements independently. The period sharpened my attention to the interval between an attractive future use and the cash needed to reach it. Vacancy, tenant requirements and works could interact in ways that a single completed-value estimate concealed. I introduced reviews that followed a project into its commercial use instead of ending the account at handover. The next appointment at Calverrano offered broader operating responsibility and the opportunity to apply that discipline across two countries within a different ownership culture.

Reason for the move

Accepted a wider operating leadership position in a cross-border family-owned portfolio

Asset manager

Rovellune Properties

Sector
Commercial-property ownership
Ownership
Private investment company
Company scale
Approximately €11 million annual rent in six assigned buildings
Employees
Worked with internal facilities teams and appointed service providers
Geography
Northern Italy
Reporting to
Portfolio director
Team
Coordinated six building managers without enterprise-wide staff authority
Financial scope
Asset budgets, lease recommendations and approved works within delegated limits

Mandate

Improve the connection between tenant needs, building condition and ownership decisions

Outcomes

  • Prepared tenant operating requirements before significant works
  • Tracked recurring maintenance consequences after refurbishment
  • Improved the record linking lease proposals with required capital

Decisions in context

Moving to the ownership side changed the period over which I was accountable for a building. I managed six assets, prepared budgets and coordinated with building managers and service providers. Lease and major capital decisions still required the portfolio director's approval. I spent time with tenant representatives to understand how the space functioned after construction and how proposed changes would affect their ordinary work. My project background was useful, but I had to stop treating completion as the end of the main question. Maintenance, occupation and the timing of a lease could alter whether a refurbishment made commercial sense. I developed a more complete record of those connections and used it in recommendations. The promotion to portfolio director followed the expansion of that work from individual properties to the comparison of several competing uses of capital.

Reason for the move

Promoted to lead a larger portfolio and its asset-management team

Project manager, commercial buildings

Vensarco Construction

Sector
Commercial construction and refurbishment
Ownership
Privately held contractor
Company scale
Assigned project budgets of €8 million–€25 million
Employees
Company workforce of approximately 420
Geography
Italy
Reporting to
Contracts director
Team
Project coordination teams of eight to fifteen, with subcontractor interfaces
Financial scope
Programme and cost control for assigned contracts; variations subject to delegated approval

Mandate

Coordinate delivery and keep changes visible to the parties holding technical and commercial authority

Outcomes

  • Improved the traceability of variations before work proceeded
  • Integrated trade handovers into the programme review
  • Prepared clearer operating material for clients at completion

Decisions in context

As project manager, I coordinated the programme, cost record and interfaces on assigned commercial-building contracts. I reported to a contracts director and worked with specialists who retained responsibility for their technical decisions. The role taught me how an informal instruction could become a costly change before the appropriate approval had been obtained. I worked to make those decisions traceable and to explain their consequence early enough for a useful response. I also became interested in the material passed to clients at completion and whether their operating teams could use it effectively. My scope was the delivery of the agreed contract, not the owner's later leasing result. That boundary eventually prompted my move into asset management, where I could follow a building through its ongoing use and understand how the project decisions affected a longer ownership account.

Reason for the move

Moved to a property owner to take responsibility beyond construction completion

Site coordination engineer

Vensarco Construction

Sector
Building construction
Ownership
Private construction business
Company scale
Supervised assignments without independent contract ownership
Employees
Member of project-site coordination teams
Geography
Italy
Reporting to
Project manager and supervising engineer
Team
Junior individual contributor
Financial scope
Prepared progress and cost material for review; no independent commercial approval

Mandate

Support site coordination, records and the sequence of work between teams

Outcomes

  • Maintained supervised progress and issue records
  • Identified practical access conflicts for project-manager review
  • Supported preparation of trade handover information

Decisions in context

I entered construction after completing civil engineering and learned through site assignments under experienced project managers. I kept records, supported coordination and raised questions about the proposed sequence. I did not hold authority to alter engineering methods or commit the contractor commercially. Walking the site helped me understand why a programme could appear coherent on paper while depending on access or space that another team already needed. I learnt to bring those observations to the responsible person with enough detail to make a decision possible. The role also taught me that good coordination depends on knowing the limits of one's own authority. My progression into project management followed several years of learning those interfaces, preparing reliable records and demonstrating that I could connect an emerging issue with the people accountable for resolving it.

Reason for the move

Progressed into project management after developing site and coordination experience

What I am looking for next

I want my next external role to make use of the connection between construction, occupation and ownership, particularly where a property business is reconsidering the purpose of existing assets. A family-controlled enterprise moving towards more professional executive responsibility could also be a relevant setting. I would contribute a practical account of how a recommendation becomes an authorised decision and how the organisation lives with it afterwards. I can consider one appointment within twenty-one days annually, including preparation and travel, with exceptional demands discussed in advance. My current executive responsibilities remain substantial, and the board would need to approve any outside commitment. I would avoid roles tied to our counterparties or transactions where my participation could create repeated conflicts. I am also open to selected conversations with project and asset leaders about the transition from delivering works to owning their consequences. The contribution I seek is a useful part in another board's collective judgement, rather than a parallel executive mandate or an informal route into its property decisions.