A rich portfolio of shopping centers concentrated in Italy

With a portfolio of €1.7 billion at 31 December 2024, we are a leading player in the retail real estate sector in Italy. We are a listed property company and own a large portfolio of shopping centers throughout Italy. Our objective is to generate medium-to-long-term value.

As of 31 December 2024, we had 41 real estate units in Italy, including:

• 25 malls and retail parks
• 8 hypermarkets and supermarkets
• 1 development projects

Since 2008 we have established our presence in Romania where we control the Win Magazin department store chain. This acquisition was made at a time in history when the country was looking at high returns and very dynamic growth rates. The changed operating context, however, has led us to review the strategy, which is now clearly focused on the Italian market.

In Romania* we have:

• 9 shopping centers
• 1 office building

*Data updated on 16/12/2025

Occasionally, we also consider the sale of freehold properties, to keep an optimal portfolio structure available at all times through a correct asset rotation strategy.