IGD has executed with a pool of lenders, including BNP Paribas Italian Branch, a senior unsecured facility of Euro 200 million, with three years maturity and an extension option up to five years.
IGD signed the final agreement for the acquisition of four shopping malls and a retail park located in Northern Italy, part of significant shopping centres in their respective catchment areas (Centro Leonardo in Imola, Centro Lame in Bologna, La Favorita in Mantova and CentroLuna in Sarzana).
Claudio Albertini, the Company’s Chief Executive Officer was appointed member of EPRA (European Public Real Estate Association)’s Advisory BoardApprofondisci
The Board of Directors appointed Elio Gasperoni, formerly a director of IGD SIIQ and Vice Chairman of Coop Alleanza 3.0, to act as the new Chairman of the Board of Directors .Approfondisci
Private placement of the 100 million bond to an American investor: a a step forward in the financial strategy
IGD announces that the settlement has occurred in respect of the private placement and the issuance of Euro 100,000,000 unsecured non-convertible bond with a 7years maturity.Approfondisci
Maremà promises to be an important point of reference for shopping with a mall that covers a gross leasable area (GLA) of 17,110 m2 comprised of 44 shops and 7 internal midsize stores.Approfondisci
The rating agency Moody’s assigns IGD – Immobiliare Grande Distribuzione SIIQ S.p.A. with a provisional first-time long-term issuer rating of “(P)Baa3” with a stable outlook.Approfondisci
The Business Plan was updated in order to reflect both the changing global market conditions, as well as, in particular, the acquisition completed year-end 2015.Approfondisci
The IGD Group’s real estate porfolio reached a market value of 2,082 million euros, showing a 6.7% increase compared to 31 December 2014.Approfondisci
IGD finalized the purchase from UnipolSai Assicurazioni S.p.A. of 100% of Punta di Ferro S.r.l.’s share capital for €127.9 million.
IGD finalized the sale of the real estate complex on Via Rizzoli, in the historic heart of Bologna, to UBS Real Estate GmbH.
Thursday, 14 April at 10:00 a.m. the new Chioggia retail park will be presented to the public: more than 16 thousand square meters will house 1 Ipercoop, 6 midsize stores, 6 shops and 2 restaurants.
The IGD Group’s Business Plan 2015-2018 takes into account the first concrete signs of a reversal in the global economic trend, reflected in the upward revision of all the growth forecasts for Italy.
Gilberto Coffari confirmed as Chairman of the Board of Directors and Claudio Albertini as Chief Executive Officer; the number of directors reduced from 15 to 13 and 2 directors appointed from the minority list.
Approx. 200 million euro share capital increase successfully completed and purchase of a real estate portfolio finalized
Share capital increase successfully completed and fully subscribed for an amount of Euro 199,678,059.50 and the purchase of a real estate portfolio comprising a shopping center, two hypermarkets and two supermarkets was finalized.
Today the public offer to subscribe 15,640,526 newly issued ordinary shares of IGD, reserved for recipients of the dividend for 2013 (the so-called “Dividend Reinvestment Option”), was completed.
On 28 February 2014 IGD sold all of its 10,976,592 treasury shares or approximately 3.15% of the share capital, to Quantum Strategic Partners Ltd., a fund managed by Soros Fund Management LLC.
IGD signed a preliminary agreement for the sale of the mall in the Fonti del Corallo Shopping Center in Livorno to a private real estate fund managed by BNP Paribas REIM Sgr, advised by CBRE.
The Board of Directors unanimously approved the Business Plan 2014 – 2016, updated to reflect the changed global market conditions. The Plan focuses on sustainable portfolio management and the existing pipeline, as well as improving the financial indicators.
Today the public offer to subscribe 23,633,236 newly issued ordinary shares of IGD, reserved for recipients of the dividend for 2012, was completed (i.e. Dividend Reinvestment Option).
At the expiration of the Exchange Offer the Company had received subscriptions representing a total nominal amount of Convertible Bonds equal to EUR 122,900,000.
IGD, together with its subsidiary IGD Management Srl, received ISO14001 environmental certification from DNV Business Assurance for the shopping centers CentroSarca in Sesto San Giovanni (MI), I Bricchi di Isola in Asti (AT), Gran Rondò in Crema (CR) and Mondovicino in Mondovì (CN).
The Board of Directors unanimously approved the new Business Plan 2012 – 2015, which focuses on the sustainability of the Group’s revenue, cost of funding and asset values.
Today the public offer to subscribe 29,827,267 newly issued ordinary shares of IGD, reserved for recipients of the dividend for 2011, was completed.
The definitive agreement for the sale and subsequent lease of the hypermarket found inside the “La Torre” Shopping Center in Palermo have been signed today. As a result of today’s acquisition, the IGD Group owns 100% of the shopping center in Palermo.
The agreement for the sale and subsequent lease of the hypermarket found inside the Cone Shopping Center in Conegliano Veneto have been signed today. As a result of the acquisition IGD owns 100% of the Conè Shopping Center and Retail Park.
IGD signed a preliminary agreement with Leggenda S.r.l. (the Stefanel Group) for the purchase of a real estate complex on Via Rizzoli, Bologna’s main shopping street, in the historical heart of the city.
Il Gruppo, che già possedeva dal dicembre 2008 l’immobile adibito a galleria e gli uffici all’interno del centro commerciale Gran Rondò di Crema (Cr), unifica in questo modo la proprietà immobiliare e il ramo d’azienda, con l’obiettivo di ottenere migliori risultati dalla galleria grazie ad una gestione diretta.
IGD sold two (Beinasco and Nerviano) of the three shopping centers owned by RGD, through the sale of the stake in the latter.
Today IGD inaugurated the Conè Shopping Center and Retail Park in Conegliano, near Treviso.
IGD finalized the contract for the purchase of the mall in the soon to be opened La Torre Shopping Center in Palermo from COGEI Costruzioni S.p.A..
IGD purchased the Le Maioliche Shopping Center in Faenza, inaugurated on 4 June 2009.
IGD inaugurated the Katanè Shopping Center in Gravina (Catania), where it owns a 15,000 m2 mall which houses 70 shops and six midsize stores.
Claudio Albertini, formerly a director of Igd SIIQ SpA and manager of the UGF Group, was appointed Chief Executive Officer of the Company.
A 52 thousand square meter “piazza” in Guidonia Montecelio, with 120 stores, 10 restaurants/cafes and a Coop, open seven days a week, all on one floor.
IGD acquired the shopping mall and the offices located in the Grand Rondo’ Shopping Center in Crema.
IGD purchased from Coop Adriatica SCARL the Lungo Savio shopping mall in Cesena. The mall houses 21 shops for a total GLA of 10,800 m2.
IGD becomes the first Società di Investimento Immobiliare Quotata – SIIQ (real estate investment trust)
IGD elected to exercise the option to be treated as a SIIQ under the tax regime introduced and regulated by Law n. 296 of 27 December 2006.
The IGD Group acquires 100% of the company Winmarkt Magazine SA, which controls an important real estate portfolio in Romania
IGD signed a preliminary agreement for the purchase of a real estate portfolio in Romania comprised of 15 Winmarkt brand shopping centers covering a total of 147,000 m2.
The final agreement for the acquisition of the shopping center and the retail park Mondovicino in Mondovì has been signed
The Shopping Village, whose inauguration of the shopping center and retail park is scheduled for today, is an innovative project developed on a total area of 390,000 m2 to combine shopping and leisure, culture and entertainment.
IGD resolved to set up a Newco for the purposes of developing the mixed-use property in Livorno.
The new business plan – approved before the end of the previous business plan in October 2005 – calls for €800 million in new investments, 70% of which will be allocated to core business activities – the acquisition, development and leasing of retail real estate, and continuous improvement of the relative yields.
Formation of RGD, a 50/50 joint venture between Beni Stabili and IGD, in order to purchase and enhance the value of existing shopping centers
RGD, Riqualificazione Grande Distribuzione, which is owned 50% by IGD and 50% by Beni Stabili, has an initial real estate portfolio of two shopping centers, located in Ferrara and Nerviano, worth a total of €113.2 million.
IGD signed a preliminary contract with Santoni Costruzioni group, a non-related company, for the purchase of 100% of a company owning the Millenium mall in Rovereto (Trento).
IGD signed a preliminary agreement with Coop Lombardia, an unaffiliated company, for the purchase of 100% of the subsidiary Larice S.r.l., a real estate company which owns the mall in the CENTROSARCA Shopping Center in Milan.
IGD S.p.A. acquires the Darsena city shopping center in Ferrara from Magazzini Darsena S.p.A. (Sinteco group S.p.A.), a non-related party. The acquisition is in line with the latest Business Plan and involves a total cash-out of € 56 million.
Investments of €810 million over the next 3 years in order to acquire and develop new shopping centers, enhance the value of the real estate portfolio and provide a major boost to the services business.
With a portfolio of 7 shopping centers, 5 hypermarkets and 1 supermarket, which at the end of July 2005 were valued at €555.2 million, the Company will make its debut on the Italian stock exchange in February 2005 and undertake an investment pipeline which calls for investments of €810 million over the three-year period 2005-2008.
In 2004 IGD’s increases its interest in Gescom, the company involved in the promotion and management of shopping malls, from the 60% purchased in 2002 to 100%.
Over time IGD’s real estate portfolio gradually becomes large enough to attract interest and the company develops extensive expertise in its specific businesses: IGD is now ready for its debut on the stock exchange and to subsequently fund its future development.
In 2003 Ipercoop Tirreno also becomes a shareholder of IGD as a result of the transfer of the Afragola Shopping Center in Campania; subsequently Ipercoop Tirreno sells its interest in IGD to Unicoop Tirreno (formerly Coop Toscana Lazio). Over the next two years IGD continues to consolidate the real estate assets belonging to Coop Adriatica and Unicoop Tirreno and purchases the Casilino Shopping Center in Rome and the Le fonti del Corallo Shopping Center, near Livorno, from the latter.
In 2000 Coop Adriatica transfers part of its retail real estate assets to ESP which changes its name definitively to IGD – Immobiliare Grande Distribuzione.
IGD’s origins are rooted in the activities which in 1977 were already managed by ESP Dettaglianti Associati srl in the Ravenna area and which were focused primarily on the rental of properties for the sale of non-food products.
In 1983 Coop Romagna-Marche becomes part of ESP following the purchase of an initial 53% of ESP’s share capital, which is destined to increase gradually over time. In 1995 Coop Romagna-Marche merges with Coop Emilia-Veneto giving birth to Coop Adriatica which by 2006 controls 100% of ESP.
In 1998 the first ESP shopping center opens in Ravenna with Coop Adriatica operating the hypermarket and Gescom managing the shopping mall: a relationship which will endure over time.