An important property in a key region: more than 20 thousand square meters where, in addition to Ipercoop, there is a well-balanced mix of domestic and global brands, as well as examples of local excellence

Thanks to the renewal of Officine Storiche, today the entire Porta a Mare area in Livorno looks like a multi-use waterfront, perfectly integrated into the urban fabric. It represents a link between  past and present, between industrial architecture and former shipyards, which creates a new horizon for Livorno. Officine Storiche comprises 42 residential units and a retail area with 5 medium-sized stores, 21 retail shops  and a 4,700 square meter fitness center.

On 25 November 2022 IGD obtained the BIOSAFETY TRUST CERTIFICATION for the offices located in Bologna, as well as a portfolio of 7 Shopping Centers, CentroSarca in Sesto S. Giovanni (MI), Conè in Conegliano (TV), ESP in Ravenna, Puntadiferro in Forlì, Tiburtino Shopping Center in Rome, Le Porte di Napoli in Naples and Katanè in Catania, already obtained in 2021, to which were added the remaining 18 Shopping Centers, thus covering the entire portfolio of properties.

IGD announces that today it has executed with BNP Paribas in its capacity of Global Coordinator and Green Coordinator and Banca Nazionale del Lavoro S.p.A., Banco BPM S.p.A., Cassa Depositi e Prestiti S.p.A., China Construction Bank, Deutsche Bank S.p.A., Intesa Sanpaolo S.p.A. and MPS Capital Services Banca per le Imprese S.p.A., in their capacity of Arrangers and Lenders, a facility agreement pursuant to which the relevant lenders make available to the Company a green facility of Euro 215 million, with three years maturity and an extension option in favor of the Company up to five years.

IGD sold a real estate portfolio comprised of 5 hypermarkets (located in Livorno, Schio, Lugo, Pesaro and Senigallia) and 1 supermarket (in Cecina) for €140 million, in line with the book value at 30 June 2021. All the properties sold are “stand alone” and not connected to IGD’s freehold malls. The transaction was finalized by transferring the entire real estate portfolio to “Fondo Juice” – a closed end real estate alternative investment fund (an Italian AIF).

IGD has redeemed in full the Notes, for an aggregate principal amount equal to Euro 70,793,000, and therefore cancelled the Notes.

Following the spread of Covid-19 in Italy and the consequent health emergency, beginning 23 February 2020 different local administrations and the national government gradually put more restrictive measures in place for our shopping centers, initially in the Milan area, subsequently in Lombardy and a few regions of northern Italy and, lastly, as of 12 March 2020 (Presidential Decree of 11 March 2020), throughout Italy. The same situation occurred in Romania, starting from 22 March 2020, the government has adopted restrictive measures very similar to those in force in Italy.

Over the past weekend IGD celebrated the restyling of the mall in the Le Fonti del Corallo Shopping Center in Livorno. Footfalls recorded during the two days of festivities were 14.6% higher than in the same period of 2018, testimony to the success of center’s relaunch.

The rating agency Fitch Ratings Ltd (“Fitch”) has assigned IGD a long-term issuer default rating of “BBB-” with a stable outlook.

The rating agency S&P Global Ratings has assigned IGD – Immobiliare Grande Distribuzione SIIQ S.p.A.  a  “BBB-“ rating with outlook stable.

ESP becomes the most significant asset in IGD’s portfolio in terms of value and one of the biggest shopping centers in Italy.

IGD announces that the settlement has occurred in respect of the private placement and the issuance of Euro 100,000,000 unsecured non-convertible bond with a 7years maturity.

Successful completion today of the placement of an unsecured, non-convertible EUR 300 million bond with qualified investors.

The Business Plan was updated in order to reflect both the changing global market conditions, as well as, in particular, the acquisition completed year-end 2015.

IGD finalized the purchase from UnipolSai Assicurazioni S.p.A. of 100% of Punta di Ferro S.r.l.’s  share capital for €127.9 million.

Thursday, 14 April at 10:00 a.m. the new Chioggia retail park will be presented to the public:  more than 16 thousand square meters will house 1 Ipercoop, 6 midsize stores, 6 shops and 2 restaurants.

Gilberto Coffari confirmed as Chairman of the Board of Directors and Claudio Albertini as Chief Executive Officer; the number of directors reduced from 15 to 13 and 2 directors appointed from the minority list.

Today the public offer to subscribe 15,640,526 newly issued ordinary shares of IGD, reserved for recipients of the dividend for 2013 (the so-called “Dividend Reinvestment Option”), was completed.

IGD signed a preliminary agreement for the sale of the mall in the Fonti del Corallo Shopping Center in Livorno to a private real estate fund managed by BNP Paribas REIM Sgr, advised by CBRE.

Today the public offer to subscribe 23,633,236 newly issued ordinary shares of IGD, reserved for recipients of the dividend for 2012, was completed (i.e. Dividend Reinvestment Option).

IGD, together with its subsidiary IGD Management Srl, received ISO14001 environmental certification from DNV Business Assurance for the shopping centers CentroSarca in Sesto San Giovanni (MI), I Bricchi di Isola in Asti (AT), Gran Rondò in Crema (CR) and Mondovicino in Mondovì (CN).

Today the public offer to subscribe 29,827,267 newly issued ordinary shares of IGD, reserved for recipients of the dividend for 2011, was completed.

The agreement for the sale and subsequent lease of the hypermarket found inside the Cone  Shopping Center in Conegliano Veneto have been signed today. As a result of the acquisition IGD owns 100% of the Conè Shopping Center and Retail Park.

Il Gruppo, che già possedeva dal dicembre 2008 l’immobile adibito a galleria e gli uffici all’interno del centro commerciale Gran Rondò di Crema (Cr), unifica in questo modo la proprietà immobiliare e il ramo d’azienda, con l’obiettivo di ottenere migliori risultati dalla galleria grazie ad una gestione diretta.

Today IGD inaugurated the Conè Shopping Center and Retail Park in Conegliano, near Treviso.

IGD purchased the Le Maioliche Shopping Center in Faenza, inaugurated on 4 June 2009.

Claudio Albertini, formerly a director of Igd SIIQ SpA and manager of the UGF Group, was appointed Chief Executive Officer of the Company.

IGD acquired the shopping mall and the offices located in the Grand Rondo’ Shopping Center in Crema.

IGD elected to exercise the option to be treated as a SIIQ under the tax regime introduced and regulated by Law n. 296 of 27 December 2006.

The Shopping Village, whose inauguration of the shopping center and retail park is scheduled for today, is an innovative project developed on a total area of 390,000 m² to combine shopping and leisure, culture and entertainment.

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The new business plan – approved before the end of the previous business plan in October 2005 – calls for €800 million in new investments, 70% of which will be allocated to core business activities – the acquisition, development and leasing of retail real estate, and continuous improvement of the relative yields.

IGD signed a preliminary contract with Santoni Costruzioni group, a non-related company, for the purchase of 100% of a company owning the Millenium mall in Rovereto (Trento).

IGD S.p.A. acquires the Darsena city shopping center in Ferrara from Magazzini Darsena S.p.A. (Sinteco group S.p.A.), a non-related party. The acquisition is in line with the latest Business Plan and involves a total cash-out of € 56 million.

With a portfolio of 7 shopping centers, 5 hypermarkets and 1 supermarket, which at the end of July 2005 were valued at €555.2 million, the Company will make its debut on the Italian stock exchange in February 2005 and undertake an investment pipeline which calls for investments of €810 million over the three-year period 2005-2008.

In 2003 Ipercoop Tirreno also becomes a shareholder of IGD as a result of the transfer of the Afragola Shopping Center in Campania; subsequently Ipercoop Tirreno sells its interest in IGD to Unicoop Tirreno (formerly Coop Toscana Lazio). Over the next two years IGD continues to consolidate the real estate assets belonging to Coop Adriatica and Unicoop Tirreno and purchases the Casilino Shopping Center in Rome and the Le fonti del Corallo Shopping Center, near Livorno, from the latter.

IGD’s origins are rooted in the activities which in 1977 were already managed by ESP Dettaglianti Associati srl in the Ravenna area and which were focused primarily on the rental of properties for the sale of non-food products.

In 1983 Coop Romagna-Marche becomes part of ESP following the purchase of an initial 53% of ESP’s share capital, which is destined to increase gradually over time. In 1995 Coop Romagna-Marche merges with Coop Emilia-Veneto giving birth to Coop Adriatica which by 2006 controls 100% of ESP.

In 1998 the first ESP shopping center opens in Ravenna with Coop Adriatica operating the hypermarket and Gescom managing the shopping mall: a relationship which will endure over time.