Architectural Grandeur in a Distinctly Contemporary Way

Le Origini

For over a century, Sorgente Group has always focused on quality and composition to bring together a portfolio of historic trophy and beauty buildings. Selecting buildings that have historic and architectural relevance is at the core of our beliefs. The mission to revive the souls of these venerable and esteemed landmarks is what fuels our passion and drives us to create the most sustainable and creative solutions in the industry today.

After being founded in Italy in 1910, Sorgente Group decided to branch our across the ocean and open its American arm in 1919. The Sorgente Group distinguished itself in the New York real estate market by building multi-story steel structures — the very types of structures that gave New York its signature skyline.

La Storia

  • 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.

  • 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.

    Sorgente Group decided to branch our across the ocean and open its American arm in 1919. Sorgente Group of America distinguished itself in the New York real estate market by building multi-story steel structures- the very types of structures that gave New York its signature skyline.

  • 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.

  • 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.

  • Establishment of Sorgente SGR in Rome

  • 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.

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

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

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

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

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

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

  • Launch of the social responsibility fund, Fondo Sant’Alessio (Ipab).

  • Sorgente SEIN, Society for Energy and Infrastructure, is born. Controlled by Sorgente Group Italia, its focus is on the construction of plants for producing of biofuels, particularly biomethane and bioethanol, as well as the development of initiatives in the photovoltaic and wind power sector, aimed at reducing C02 emissions.

    From 2001 to January 2019 the Group launched the operations of over 25 real estate funds

  • Sorgente SGR sells of a business unit.

  • Sorgente Group Italia has reorganized its operating areas focusing on clean energy and energy efficiency, particularly, in the context of alternative investments, such as energy and circular economy. On this purpose, it will make use of its Irish investment management platform, called Sorgente Global Investments, also active in real estate, which operates as an Irish collective investment scheme (ICAV).

  • Development of Iconic Building Fund

Our Objectives

Blending Italian Craft and New York Tradition

The projects we choose to undertake are more than bricks and mortar, they are pearls of architecture and style – landmarks that tell the history of the neighborhood and inspire its future. Breathing new life into historic buildings allows for us to save their embodied energy, storied past and cultural significance while allowing for a new chapter to be written.

La Nostra Filosofia

“Over the years, The Sorgente Group has had the privilege of investing in some of the nation’s most iconic buildings. Selecting buildings that have historic and architectural relevance has been the core of our philosophy. We feel that preserving and restoring what has already been built is a sustainable, responsible use of resources. Restoration is a value that has the ability to better, not just the buildings, but our neighborhood, our company, the economy as a whole and, ultimately, our environment.

We take immense enjoyment out of being able to breathe new life into these buildings that reinforce what we love about this country. It is so incredibly rewarding to be able to save their embodied energy, which together with their cultural significance will only increase with the passage of time. I believe that the soul in these great buildings is simply unfathomable. It is this notion, together with the acknowledgement that we will always succeed by selecting such landmark properties, that fuels my passion to continue on this journey”.

— Veronica Mainetti