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History & Milestones

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1974

Acquired vast land plots in the USA for development

1979

Began property developments in Italy and successfully started operating in the Italian stock market

1985

Led takeover of Bi-invest, the largest financial company in Italy

1987

Led takeover of Banca Popolare di Lecco, 35th largest bank of Italy

1988

Established Domine Vacanze to begin the largest hotel co-ownership scheme in Italy

1990

Led takeover of Credito Bergamasco, 3rd largest private bank in Italy

1991

Developed Domina Coral Bay, the first resort development in Sharm El Sheikh

1994

Established ProKapital in Tallinn, making it one of the real estate market leaders in Estonia

1996

Led takeover of Uhisbank, 2nd largest bank in the Baltics. Expanded to Russia via ProKapital.

1997

Expanded to Latvia via Pro Kapital

1998

Expanded to Lithuania via Pro Kapital. Developed the first mega shopping mall in the Baltics, the Kristine in Tallinn, Estonia.

2003

Developed the largest shopping mall in the Baltics, the Domina Shopping Center in Riga, Latvia

2006

Acquired 8 large plots in premium locations in Russia and subsequently developed projects in these areas

2011

Opened Domina Prestige in St. Petersburg, Russia, a 5 star luxury award winning hotel

2013

Established Preatoni Real Estate Development in Dubai, UAE, and took over Dubai Star in Jumeirah Lake

2016

Work in progress.

Milestone Projects

  • Residential developments in Northern Italy (1979-1985)
  • Domina Coral Bay (1991): the largest resort development in Egypt
  • Pro Kapital Business Centre in Tallinn (1997)
  • Residential developments in Siberia’s major cities (Novosibirsk, Tyumein, Tomsk, Ekaterinburg) 2006 – to date
  • Domina Shopping Centre is opened in Riga (2003)
  • Pro Kapital opens Kristiine Shopping Centre in Tallinn (1999)

Legendary success at Sharm El Sheikh

When there was only sun and sea at Sinai, we were already there. This is why we are called the inventors of Sharm El Sheikh.
Stumbling upon a ‘bay of dreams’ in 1991, our founder, Ernesto Preatoni, envisioned hordes of European tourists descending down Sharm El Sheikh where coral reefs, blue waters, and year-round sunny weather make for a perfect holiday.
By 1994, we delivered the first phase of Domina Coral Bay, a resort project that sparked the resort development boom in Sharm El Sheikh. Domina Coral Bay is the largest resort development project in all of Egypt.
As of today, Preatoni has sold a total of 16,000 units in Sharm El Sheikh.