Strawberry Star has announced the appointment of Mario Luca Balducci as Managing Director – Developments. The new position will support Strawberry Star’s mission to deliver an additional 2,000 new homes in the UK by 2025.
Mario joined Strawberry Star this month. He will lead the Developments – particularly focusing on integrating the Developments vertical’s objectives into the organisation’s long-term strategy – which is to venture beyond mixed-use developments and strengthen the developers Build to Rent portfolio. In May 2020, the developer also appointed a Managing Director of Asset Management – Clint Bartman – to establish its Build to Rent business vertical.
“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.”Santhosh Gowda, Chairman, Strawberry Star
Mario was the former Co-Founder and Managing Director of Allies Group with £100m+ P&L responsibility. Prior to this, he worked with Lendlease and Olympic Delivery Authority as the Development Lead for East Village – built for the 2012 London Olympic and Paralympic Games. With a construction value of £1.5bn, the project consisted of 2,818 apartments and townhouses across a 70 hectare site. Mario brings with him over two decades of end-to-end property development experience to the team.
“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.”Mario Luca Balducci, Managing Director – Developments, Strawberry Star