27 May 2015 14:36
Price Sensitive extraordinary operations

IGD closes the sale to UBS of the real estate complex on Via Rizzoli, in the historic heart of Bologna

IGD – Immobiliare Grande Distribuzione SIIQ S.p.A. announces that today, in accordance with the preliminary agreement signed and communicated on 15 January 2015 and as the conditions precedent have been satisfied, the sale to UBS Real Estate GmbH of the real estate complex on Via Rizzoli, in the historic heart of Bologna, was finalized. The consideration for the transaction amounts to approximately  €29 million, the balance of which was paid today.

The complex, comprised of properties that are adjacent and connected to one another, is spread out over 3 floors with a gross leasable area  (GLA) of approximately 2,350 m2  and is leased entirely for retail purposes to Apple Retail  and a premiere international retailer, slotted to open a store by November 2015. IGD purchased the complex in 2011.