You should do something new every 7 years says Matta; As he exits Laurus/Actis

One Airport Square, Accra - Image Credit - Mace

One Airport Square, Accra – Image Credit – Mace

So last week I was in Accra and I had the privilege to catch up with Carlo. Not only did he develop one of the most remarkable office buildings in Africa, he is a friend of 3Invest. In his usual way of counselling, we spoke deeply about the African real estate market which he has passionately played in the past 7 years. When I asked him why he was moving on he said ” Look Ruth “You should do something new every 7 years”.

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Carlo Matta served as the Chief Executive Officer of Laurus Development Partners Limited. Carlo has twenty years of experience in the real estate industry. He spent the first half of his career as a principal working on designing and project managing residential, office and mix-use projects in Italy, China, Viet Nam, France, Malaysia and Zanzibar. During this time, he worked for the renowned architects Jean Nouvel in Paris, and Ken Yeang in Kuala Lumpur. He served as the Managing Director at Hines Europe where he was responsible for activities in Sub-Saharan Africa. He joined Hines Milan office in 2002 and was responsible for all aspects of one of Hines’ largest mixed-use development in Europe with a total project cost of over 800M. While in Milan he led all development activities including market underwriting; land assembly and negotiation; project budgeting, costing and scheduling; securing debt and equity financing; zoning and entitlement; master planning and design management; investor reporting; pre-sale and pre-leasing activities. In January 2006, He moved to London where he managed two of Hines real estate private equity funds, totalling 830 million. These funds focused on the development of office, residential and mix-use projects throughout Western Europe. In this capacity, he underwrote over 25 different projects and was responsible for all aspects of fund management, investor communication and reporting. Carlo founded and served as the Chief Executive Officer of a boutique architecture and project management firm in Saigon, Vietnam. He was responsible for the design and project management of their office space. He is a registered architect. He graduated from the Politecnico di Torino (Italy) School of Architecture and received an MBA from the McCombs School of Business at the University of Texas at Austin.

In his heartfelt message to his friends and colleagues he had this to say;

“Since all good things come to an end, after nearly seven, amazing years with Laurus I have decided to start a new chapter in my personal and professional life.

 I leave Laurus in the capable hands of the new CEO Peter Young who, I am sure, will take the Company to new heights. As a founder of the Firm, I am immensely grateful to my partner Actis who gave me the opportunity and financial support to set-up Laurus and to develop some of the most iconic real estate assets in West Africa on their behalf. I feel privileged to have had the chance to work alongside the best in class in real estate private equity and development. Without Actis’ trust, dedication and vision I would not have come this far. Huge thank you goes to my team who has been instrumental in shaping up the company and in delivering the first generation of Class A projects in the Region.”

Article written by Ruth Obih