Strawberry Star appoints new Director of Developments
Developer Strawberry Star has appointed Mario Luca Balducci as Managing Director - Developments.
The appointment supports the developer’s mission to deliver an additional 2,000 new homes by 2025 in the UK.
Mario Luca Balducci was formerly the co-founder and managing director of Allies Group with GBP100-plus Million P&L responsibility. Before the Allies Group, he worked with Lendlease and Olympic Delivery Authority as the Development Lead for high-profile East Village (formerly Athletes Village), built for the 2012 London Olympic and Paralympic Games consisting of 2,818 apartments and townhouses across 70 hectares master-planned site with a construction value of GBP1.5 billion. He brings over two decades of end-to-end property development experience to the team.
Balducci says: “The housing market and the property development sector are undergoing a paradigm shift. There are many exciting new opportunities and challenges ahead of us. I’m delighted to join the team at Strawberry Star at a pivotal moment and look forward to bringing forward new homes and communities to the market.”
He joined Strawberry Star in November 2020 and will lead the Developments with a particular focus on integrating the Developments vertical’s objectives into the organisation’s long-term strategy of venturing beyond mixed-use developments and further strengthening the custom-build BTR homes portfolio.
Chairman of Strawberry Star, Santhosh Gowda, adds: “We are delighted to have Mario on the team, his appointment demonstrates our commitment to the UK property market. We look forward to building on his experience and strengthening Strawberry Star’s portfolio of properties across Greater London and the commuter towns. His successful entrepreneurial stint will bring in significant value addition for Strawberry Star, as it will help us take the company to the next level. He joins us at the right time, as we embark on a journey to tap newer opportunities in the market.”