The non-core asset disposal program outlined in the 2025-2027 Business Plan continues

Final contract signed for the sale of a shopping centre in the Romanian portfolio

IGD – Immobiliare Grande Distribuzione S.p.A. (the “Company”) – announces the signing of the final contract for the sale of a shopping center in its Romanian portfolio to a Romanian private investor, through Win Magazin S.A. .

The “Crinul Nou” shopping centre just sold is in Alexandria, a town of approximately 50,000 inhabitants, 90 kilometres south of Bucharest. The center has a GLA of 3,410 square metres and includes 31 stores with key tenants such as Carrefour, Pepco, Jolidon and Happy Cinema. The overall value of the operation is approximately €3.3 million, in line with the book value.

The cost of any technical adaptation work will be borne by the seller.

This further sale validates our new strategy of divesting “non-core” assets, as outlined in the 2025-2027 Business Plan, which began on the 14th of February this year with the sale of the first “Winmarkt Somes” shopping center in Cluj for a total amount of approximately €8.3 million (in line with the book value).

“The transaction we are announcing to the market today strengthens our confidence that the disposal program outlined in the Business Plan is progressing as planned”, commented Roberto Zoia, CEO and General Manager of IGD SIIQ S.p.A. “IGD will pursue with determination this and all the other objectives of the Plan, continuing on the growth path undertaken, which becomes more evident quarter after quarter”.

In this sale, IGD was represented by CBRE Romania as exclusive real-estate consultant, and by Dentons as legal advisor.

Share