Operating performance confirms a good start of the year. Energy costs fixed on over 70% of requirements

IGD – Immobiliare Grande Distribuzione S.p.A. announces that in the first two months of 2026, the Italian shopping centers recorded excellent operating performance, also benefiting from a very positive impact from sales.

Specifically, in January, the tenant sales increased by +7.1% compared to January 2025, with footfall up by +7.4%. The positive trend continued in February, with a progressive increase in footfall of +6.3%, confirming the effectiveness of the commercial enhancement strategies adopted by IGD, aimed at continuously improving the tenant mix, the quality of the offering and the ability of the centers to attract and retain visitor flow.

These figures, read alongside the strong growth already recorded in previous periods, provide a picture of steady growth across the entire core portfolio.

In light of the conflict in the Middle East and the potential impact this scenario may have on oil prices and, more broadly, on energy costs, IGD announces that it has fixed energy‑purchase prices for 73% of the energy needs of its entire freehold portfolio for the financial year 2026. This purchase was subscribed during 2025, at an average value of €99/MWh.

The rollout of new photovoltaic systems at the Group’s freehold shopping centres is also progressing, to increasingly reduce reliance on grid-purchased energy and further improve the coverage level indicated above.

 

“We are very satisfied with the excellent operating results recorded by our shopping centers in the first two months of the year, which confirm the strength and attractiveness of our portfolio. Our forward-looking cost‑management policies and diversified energy‑sourcing strategy enable us to address an uncertain and volatile global environment responsibly, while maintaining our constant focus on ensuring the sustainability of the costs borne by our tenants. These initiatives, already included in the 2025–2027 Business Plan, together with the financial transactions completed over the past year, reaffirm the continuity and consistency of IGD’s strategy,” commented Roberto Zoia, Chief Executive Officer and General Manager of IGD SIIQ S.p.A.

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