18 December 2008 17:52

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.