Eurocommercial Properties N.V. announced the appointment of Roberto Fraticelli as Director of the Italian operations, succeeding Tim Santini who will leave the Company at the end of June. Tim has been of major importance to Eurocommercial over the last twenty one years, particularly in Italy where he has been responsible for the Company's first class portfolio of shopping centres. Roberto Fraticelli joined Eurocommercial in 1998 and has played a significant role in the acquisition of the majority of the Italian assets and in structuring their funding.