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The Northern Italian firm formerly known as Immobiliare Magri is now Corcoran Magri Properties.

Corcoran continues its expansion with the launch of its first European affiliate, Corcoran Magri Properties — owned and led by Maddalena Magri and based out of Lake Garda, Italy. The announcement, made by Corcoran’s President and CEO Pamela Liebman, is a watershed moment for the fast-growing brand.

Centrally located in Northern Italy, between the major metros of Milan and Venice, Lake Garda is the country’s largest lake, known for its enchanting coastal towns, crystal clear waters, and exceptional cuisine. As a prime destination for nearby city dwellers, expatriates, and international vacationers to secure lakeside residences, Lake Garda is an ideal fit for Corcoran’s first foray into Europe and continued global expansion.

“As we continue to grow our global footprint and network of exceptional affiliates, I’m thrilled to make our way into the European market, specifically into Italy,” said Liebman. “The Magri team has always prided themselves on turning every client’s dream of Lake Garda into a reality. Their dedication to client service is exactly what we look for when partnering with affiliates, it perfectly aligns with Corcoran’s established culture and core values.”

Immobiliare Magri, now Corcoran Magri Properties, was founded in 1987 as a family-run business led by Luigi Magri, whose trustworthy character, sincere business practices, and earnest demeanor made him a renowned agent within the area since the 1950s. From 1993 to today, Luigi’s daughter, Maddalena Magri, has led the company’s business operations, progressive growth, and overall local influence. In 2000, the company established their current office in Garda, Corso Italia, creating a central meeting place along Lake Garda’s east coast for both agents and clients alike.

Maddalena acquired majority control of the company in 2013, and alongside co-owner Francesco Visentin, further developed the organization while protecting the familial values the business is recognized for. Today, Corcoran Magri Properties continues to operate out of their Garda, Corso Italia office and follows the company’s long-standing traditions of market expertise, professionalism, and putting client service first.

“We are excited to introduce the Corcoran brand to our business, our clients, and the entire Lake Garda real estate market,” said Francesco Visentin, Co-Owner of Corcoran Magri Properties. “Through the elevated marketing, dedicated support, international network, and educational opportunities provided by Corcoran, we are confident that this partnership will take our business to the next level,” he added.

In addition to their real estate endeavors, and as an example of their commitment to serving their community, Corcoran Magri Properties has actively donated their time and resources to charitable works, particularly Mission Bambini. Started in 2000, Mission Bambini aids in providing health services, primary education, and emergency support to underprivileged children across Italy, and abroad.

Corcoran’s affiliate network has grown steadily both domestically and abroad, since its launch in February 2020. In 2022 alone, Corcoran welcomed and expanded affiliates in Florida, Georgia, Connecticut, Washington, Tennessee, New Jersey, the Cayman Islands, and Turks & Caicos.

Corcoran Magri Properties will continue to welcome visitors and clients alike to its current office in Garda, Corso Italia, and will officially launch in the coming weeks.