18 December 2008 17:52
Price Sensitive shopping centers
IGD SIIQ S.p.A. acquires the Lungo Savio Shopping Mall
Based on the framework agreement signed by main shareholder Coop Adriatica SCARL on 2005 IGD SIIQ S.p.A., a retail real estate company listed in the STAR segment of the Milan Stock Exchange, has purchased the Lungo Savio Shopping Mall in Cesena.
The investment totals EUR 18 million; EUR 6 million of which IGD paid upon stipulation while a mortgage loan was taken out to cover the remaining EUR 12 million.
The mall includes 21 shops covering an area with a GLA of approximately 10,800 square metres.Share