Terenzio Cugia di Sant'Orsola appointed new Chief Executive Officer of Kaaja

Kaaja, the Italian proptech that has digitized the entire real estate buying and selling process through innovative technologies, announces the appointment of Terenzio Cugia di Sant'Orsola as the new Chief Executive Officer and simultaneously strengthens its balance sheet with an increase of capital subscribed by the current shareholding structure.

The new Chief Executive Officer takes the place of Dario Cardile who remains on the Board of Directors continuing to support the development of the company. The entire Kaaja team would like to thank him for leading the growth of the company since its foundation with great passion and dedication.

“Kaaja has always shown agility and expertise in transforming the dynamics of real estate. With the entry of Terenzio Cugia di Sant'Orsola we bring to the team a strong experience in the sector in Italy, giving a further boost to the growth of the servicing model that we have extensively tested with success - comments Dario Cardile. I am confident that Kaaja is at a major inflection point, thanks in part to the support of our partners and the trust of our customers. The focus of the coming months will be to further expand the set of services offered to servicers and investors, using our platform which, through the Blockchain and AI, allowing them to speed up and optimize the whole process, while receiving support from a team of operations composed of industry experts. I wish Terenzio success. Glad to have him on board.”

The entry of Terenzio Cugia di Sant'Orsola at the helm of Kaaja, thanks to his long experience in the real estate sector, accelerates the company's development plan, further strengthening its position as proptech leader in the Italian market alongside Real Estate operators.

Kaaja, in fact, supports real estate funds, investors, asset managers and brokers in the entire buying and selling process: from obtaining information and documentation on properties, up to their sale, allowing you to save time, be more efficient and maximize your return.

The set of services offered by Kaaja is also completed by a report updated in real time and always available online, which allows you to constantly monitor the entire marketing process of one, or more, properties, providing operational insights for the improvement of existing activities and futures.

“I thank Dario Cardile for the work done which has allowed the company to establish itself as a leader in professional services for real estate operators. I firmly believe that Kaaja has a unique and strategic product for investors and servicers, who will also be able to appreciate its modularity and transversality - comments Terenzio Cugia of Sant'Orsola. I welcome this new challenge with great enthusiasm and I am convinced that we will be able to give a decisive impulse to the development of the real estate market through our integrated services.”

Profile of Terenzio Cugia of Sant'Orsola
Terenzio Cugia di Sant'Orsola boasts almost twenty years of experience in the financial sector, especially in the management of equity and M&A transactions in the real estate sector, but also in the energy, utilities and transport sectors.

From 1995 to 2006 Cugia di Sant'Orsola worked for the Italian branch of Lehman Brothers, first as vice president and then as executive director. From 2006 to 2009 he was managing director of Beni Stabili Gestioni Sgr, before moving on, as an independent consultant, to assisting banks and financial companies (World Bank, Credit Agricole, Cale Street Partners), international strategic consultancy firms (ICME, In2It), real estate funds (Est Capital), in the structuring of real estate transactions in Italy and abroad.

Cugia di Sant'Orsola maintains the position of senior director investment & advisory services of RINA Prime Value Services.