IGD finalized the sale of the real estate complex on Via Rizzoli, in the historic heart of Bologna, to UBS Real Estate GmbH.

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.

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.

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.

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 .

ESP becomes the most significant asset in IGD’s portfolio in terms of value and one of the biggest shopping centers in Italy.

Claudio Albertini, the Company’s Chief Executive Officer was appointed member of EPRA (European Public Real Estate Association)’s Advisory Board

Successful completion today of the placement of an unsecured, non-convertible EUR 300 million bond with qualified investors.

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.