Primonial appoints Real Estate Director for Italy
Primonial has appointed Fabrizio Bonavita as Real Estate Director for the Group's asset management activity in Italy. He reports directly to Laurent Flechet, Primonial's Managing Director in charge of real estate activities.
Fabrizio Bonavita will enhance the value of Primonial's Italian real estate portfolio, representing close to EUR 700 million of assets under management and consisting primarily of health, education and retail real estate assets. He will be responsible for identifying new investment opportunities in Italy, in order to support the Group's European real estate development and its strong growth ambitions, especially in the healthcare, education and residential real estate sectors.
Felchet says: "I am delighted to welcome Fabrizio Bonavita. His in-depth knowledge of the various real estate businesses as well as his international vision will be precious assets to advance the Primonial Group’s objectives in Italian real estate.’’
Based in Milan, Fabrizio Bonavita will be the first point of contact for Primonial's Italian institutional investor clients. He officially started in his position on the 1st of September 2020.
Bonavita has more than 15 years’ experience in real estate asset management and private equity in Europe.
Prior to joining the Primonial Group, Bonavita was Vice President of SEDCO Capital, a position which he assumed in 2017. Based in London, he was responsible for the management and acquisition of European and US assets, with a key role in setting up both the operations and the real estate investment team responsible for deploying capital across the risk spectrum.
Bonavita previously spent nine years at AIG Global Real Estate in London where he was in charge of the origination and structuring of real estate investments. There he managed or advised on transactions (acquisitions, exits or restructurings) worth a total of more than USD2 billion.
Bonavita started his career in 2001 in Milan before joining BNP Paribas Investment Banking in Paris and then Cushman & Wakefield in London.
Bonavita, 45, an Italian and French citizen, is a graduate of the Cass Business School in London, the NYU Stern School of Business and Bocconi University in Milan.