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

Final contract signed for the sale of the third 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 “Winmarkt Central” shopping centre just sold is in Vaslui, a town of approximately 55,000 inhabitants, about 300 kilometers north of Bucharest. The center has a GLA of 3,621 square meters fully occupied and includes 26 stores with key tenants such as Carrefour Market, Pepco and Jolidon.
The overall value of the operation is approximately €2.2 million, broadly 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 in February this year with the sale of the shopping center in Cluj for a total amount of approximately €8.3 million and continued in June with the disposal of an asset located in Alexandria for a total amount of approximately € 3.3 million.

 

“The positive outcome of the transaction that we are announcing to the market today gives us further momentum and confirms the validity of the path we have taken in the divestment program”, commented Roberto Zoia, CEO and General Manager of IGD SIIQ S.p.A. “IGD will continue with determination to implement the divestment plan, accelerating the sale of smaller assets and then focusing on medium sized ones”.

 

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

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