What Ares does

Ares (Armellini Real Estate Services) is a privately held, family-owned real estate services company headquartered in Rome, Italy, operated by ARES S.r.l. under the Armellini family. The company manages a diversified portfolio of more than 50 income-producing properties spanning over 200,000 square meters of Class A office, residential, and mixed-use assets, with primary concentration in Rome's premium business districts of EUR and Parco de' Medici. Its core operating footprint comprises four directional centers — Piccolo Mondo (9 floors, 531 parking spaces, 5,000 sqm courtyard in EUR), Veneziani 58 (two-building complex with 3,350+ sqm across 5 floors), Viola 43 (695 sqm per floor, restructured in 2019), and NEXUM (a 19,000 sqm multi-functional complex under development for 2023-2025) — complemented by services in design and construction, acquisition and development, premium property and facilities management, and leasing.

The company's revenue model is anchored in recurring rental income from owned commercial office assets, supplemented by managed-services fees for outsourced property management (maintenance, security, cleaning, engineering, design oversight) delivered to owner-societies across its 50+ buildings. Ares targets enterprise and multinational tenants across ICT, financial services, professional services, energy, consumer goods, and international organizations, with a roster that includes Deutsche Bank, Deloitte, Huawei, Mitsubishi Electric, Eni, Unilever, IFAD, and the World Food Programme. Go-to-market is direct and relationship-driven through an internal leasing team and long-standing broker network; pricing is quote-based and not publicly disclosed. The firm offers customizable office layouts deliverable within roughly three months, supported by consortium-managed shared amenities (24/7 security, restaurants, fitness, parking) that lock in long-tenor leases.

Strategic positioning emphasizes 50+ years of family stewardship, capital backing for long-term holds, prime locations in Rome's most established business districts, and a vertically integrated service stack spanning acquisition through ongoing operations. The NEXUM development is the company's flagship offensive move, expanding ownable inventory and signaling a shift toward '4.0 offices' with sustainability features; the company's broader European reach claim and ongoing asset refresh cycles (Viola 43 in 2019, Veneziani 58 in 2022) indicate measured expansion rather than rapid scaling.

Name

Ares

Legal name

ARES S.R.L.

Website

https://www.ares-roma.it

Company type

Private

Operating status

Operating

Headcount range

51–100 employees

Short description

Ares (Armellini Real Estate Services) is a family-owned Rome-based real estate services firm managing 50+ Class A properties totaling over 200,000 square meters across Italy and Europe, serving multinational corporate tenants with leasing, property management, design, and acquisition services.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

Nonresidential Property Managers (531312), Lessors of Real Estate (5311)

SIC

Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Office Real Estate Asset Management (BPAJAMAG)

akta.pro secondary industries

Residential Real Estate Asset Management (BPAJAMAA), Real Estate M&A / Joint Venture Advisory (Platform Deals, Partnerships) (BPAJANAF)

Keywords

• Commercial real estate services
• Office leasing
• Property management
• Real estate development
• Facilities management

Headquarters

HQ city

Rome

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Office Leasing and Rental Income: Ares generates revenue through leasing and renting of commercial office spaces in Rome's premier business districts (EUR, Parco de' Medici). The company manages a portfolio of 50+ income-generating properties.
2. Property Management Services: Ares provides outsourced property management services for owner societies, including building maintenance, security, cleaning, engineering, and design oversight for 50+ buildings representing over 200,000 square meters of Class A offices.
3. Design and Construction Services: Ares offers project design and construction supervision services for commercial, retail, hospitality, industrial-logistics, residential and mixed-use properties, creating exceptional spaces for demanding international tenants.
4. Acquisition and Development Services: Ares provides property acquisition, due diligence, and development services, leveraging decades of market presence and deep relationships with investment professionals and property owners across European markets.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Ares (Armellini Real Estate Services) owns, leases, and manages a portfolio of more than 50 income-producing commercial, residential, and mixed-use real estate properties located primarily in Rome's EUR and Parco de' Medici districts. The company provides premium Class A office space through four directional centers (Piccolo Mondo, Veneziani 58, Viola 43, and NEXUM), and delivers complementary real estate services including property and facilities management, office leasing, design and construction, and acquisition and development.

Product overview

Ares (Armellini Real Estate Services) is a real estate services company managing a diversified property portfolio of over 50 buildings with 200,000+ m² of Class A offices across major Italian urban markets. The company offers four operational directional centers (Viola 43, Veneziani 58, Piccolo Mondo, and NEXUM under development) providing flexible, customizable office spaces, complemented by five core services: Design and Construction, Acquisition and Development, Premium Property Management, Facilities Management, and Leasing.

Differentiator

Problem solved

Functional benefit

Products and services

• Piccolo Mondo Centro Direzionale (Piccolo Mondo Directional Center) Nine-floor directional center located in Rome's EUR district featuring arched architecture embracing a 5,000 m² private courtyard for corporate events. Includes inter-company restaurant, bar, fitness club, and 531 parking spaces across three basement levels. Houses tenants such as Regus, Deutsche Bank, Deloitte, Mitsubishi Electric, Huawei, ZTE, Eni, Credit Agricole, Fideuram, Unilever, Open Fiber, Roma Mobilità, ALD Automotive, Spaces, and IFAD.
• Veneziani 58 Centro Direzionale (Veneziani 58 Directional Center) Two-building directional center in the Parco de' Medici consortium offering more than 3,350 m² of office space across five floors, with renovated common areas, reception, bar, restaurant, terraces, and 93 parking spaces. Tenants include Cellnex, Esso, Wind Tre, KT Kinetic Technology, Technip Italy, and the World Food Programme (UN headquarters).
• Viola 43 Centro Direzionale (Viola 43 Directional Center) Directional center office building in Parco de' Medici, fully restructured in 2019 with a new low-emission glass facade, offering 695 m² of office space per floor accommodating up to 50 workstations per floor, with underground parking and common areas.
• NEXUM Centro Direzionale (NEXUM Directional Complex) Multi-functional directional complex under development at Via Laurentina 865, Rome, featuring three courtyard buildings, a vertical transparent hub, six gardens, a roof garden, and 19,000 m² of 4.0 offices connected by green spaces. Designed by Alvisi Kirimoto Architects.
• Progettazione e Costruzione (Design and Construction Services) Design and construction supervision services for large-scale, technically complex projects including offices, retail, hospitality, industrial-logistics, residential, and mixed-use developments, aimed at creating exceptional spaces for demanding international tenants.
• Acquisizione e Sviluppo (Acquisition and Development Services) Property acquisition and development services including due diligence, market analysis, financial structure review, and coordination of environmental, legal, and tax consultants, leveraging deep relationships with investment professionals and property owners across European markets.
• Proprietà e Gestione Uffici di Prestigio (Premium Office Property Ownership and Management) Premium office property ownership and management services with established relationships with major national and international tenants, including access to off-market investment opportunities through direct business development ties with entrepreneurs and executives worldwide.
• Gestione Strutture e Proprietà (Property and Facilities Management) Property and facilities management services covering more than 50 buildings and over 200,000 m² of Class A offices, residential, and mixed-use assets, including engineering, design, maintenance, cleaning, and security oversight delivered through globally negotiated supply contracts.
• Locazione (Office Leasing Services) Office leasing services focused on establishing long-term relationships with tenants and brokers through deep market understanding and real-time market knowledge across Rome's premier business districts.

Quantifiable outcome

• 50+ income properties managed
• +3 more outcomes

Named customers21 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Alvisi Kirimoto ArchitectscoreStrategic or Co-development Partner · 1 February 2020Studio Alvisi Kirimoto won the Ares competition for the Nexum directional center project in Rome. The competition involved five of the best national and international architecture firms. The project at Via Laurentina 865 is designed as a multifunctional complex with 6 gardens, a vertical transparent hub, and 4.0 offices.
• ABCIBOcoreStrategic or Co-development Partner · 1 January 2014Partnership with ABCIBO starting from 2014 for the renovation and redesign of common areas at Centro Direzionale Veneziani 58, including installation of a café and canteen overlooking the large external garden.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Covivio: Covivio is a pan-European commercial real estate operator with a significant Italian office portfolio including assets in Rome. It is the most direct listed comparable to Ares's EUR/Parco de' Medici office strategy, with overlapping target tenant base of multinational corporates.
• Kryalos SGR: Kryalos SGR is one of Italy's leading independent real estate asset managers, managing institutional capital across office, retail, and alternative assets in Italy. It is a direct peer in Italian commercial real estate asset management, offering comparable services to Ares's proprietary portfolio management.
• CBRE Italy: CBRE is the world's largest commercial real estate services firm, with full-service property management, leasing, and investment advisory in Italy. It directly competes with Ares on third-party property management mandates and tenant representation for office leasing in Rome.
• Cushman & Wakefield Italy: Cushman & Wakefield is a major global commercial real estate services platform with strong Italian operations in property management, agency/leasing, and investment advisory. It competes directly with Ares's Locazione and Gestione Strutture service lines for both owner mandates and multinational tenants.
• Savills Italy: Savills is an international real estate advisory and property management firm with a meaningful Italian presence. It overlaps with Ares across commercial leasing, property/asset management, and investment advisory for institutional and private clients in Rome and Milan.
• JLL Italy: JLL (Jones Lang LaSalle) is a global commercial real estate services leader with full Italian coverage in capital markets, agency leasing, and property management. It competes with Ares for multinational tenant mandates and institutional owner advisory in Rome's prime districts.
• Reale Immobili Editori / Aedes SIIQ successor entities: Aedes and similar Italian real estate operators (including Torre SGR and REV) operate Italian commercial real estate portfolios with comparable property management and acquisition strategies. They serve as domestic comparables for Ares's acquisition & development service line and Italian mid-market office focus.

Regional players

• IGD SIIQ: IGD is an Italian REIT (SIIQ) operating retail-dominated real estate in Italy. While primarily retail-focused, it is a regionally comparable Italian listed real estate operator with overlapping property management capabilities and access to similar institutional tenant networks in Italy.

Broad incumbents

• Gecina: Gecina is one of Europe's largest pure-play office REITs, predominantly focused on Paris but with pan-European exposure. As a broad incumbent in prime European office real estate, it provides a relevant scale and strategy benchmark for Ares's EUR/Parco de' Medici office play.
• Generali Real Estate: Generali Real Estate is the real estate arm of Generali Group, managing one of the largest European real estate portfolios including Italian office assets. As a broad incumbent, it competes for institutional capital, Italian tenants, and prime Rome product comparable to Ares's portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/eutropiagroup

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ares