Acquisitions and development
We are one of the realities in Italy that has invested the most over the last few years: we invested a total of around €1.2 billion between 2009 and 2019.
At the time of our listing in 2005 our real estate portfolio was valued at €555 million, while at 31 December 2018 it was worth €2.38 billion. This result reflects both the development initiatives (including, for example, the Clodì retail park in Chioggia), as well as external growth made through the acquisition of properties which met certain qualitative requirements like appeal, yield and competitive positioning, while respecting financial targets like Loan-to-Value and Funds From Operations
The most important transaction in 2019 was the purchase of the 50% of Darsena City Shopping Mall in Ferrara of which IGD was already joint owner.