Strategy

The Strategic Plan 2019-2021 (presented on 7 November 2018) was based on hyphotesis formulated before the spread of the pandemic and the onset of the Covid-19 emergency, in a scenario that is very different from the current one; given this backdrop, the Company communicated to the market on 6 August 2020 that the 2021 targets for the Strategic Plan should no longer be considered current.

The Company will prepare an updated Business Plan only when the overall picture is clearer and more stable in order to base the new Plan pn the news, most updated macroeconomic and sector conditions.

However, the main strategic guidelines that the Company intends to follow in the execution of its business are presented below.

A long path of sustainable growth

Since the listing in 2005 we have almost quadrupled the size of our portfolio. We followed a path of sustainable growth along which strategic choices were made with a view to the long term.

Having achieved all the targets outlined in the 2016-2018 Business Plan, in November 2018 we presented the Strategic Plan for the three year period 2019-2021. It’s a plan focused on strengthening the leadership of our shopping centers in their respective catchment areas and it is based mainly on three pillars:

“After having built a leading portfolio in Italy, with €1.2 billion invested in 10 years, in this Plan, which takes us through 2021, we will focus even more on strengthnening the positioning of our assets, on the quality of the structures, as well as cutting edge commercial initiatives and marketing which reflects the most recent sector changes”

Claudio Albertini, IGD’s CEO

A consolidation and enhancement plan based on 3 pillars

We can count on a specialized staff, capable of managing all aspects of the business internally:

Innovation and operational excellence: lifestyle changes compel us to be increasingly more dynamic in the management of our spaces in order to meet the needs of our customers and our tenants in a timely and adequate manner. Therefore we put great focus on innovation and operational excellence mainly in relation to commercial, marketing and sustainability areas.

For a greater understanding of our most innovative initiatives

Over the next few years we will focus on enhancing the value of our existing portfolio and on the innovations which will allow us to increase traffic in our centers.

Asset management: namely the day-to-day operation, as well as the construction, sale, extension and restyling of our properties. The investments planned aim to maintain and increase the quality of the portfolio, favoring innovation, appeal, quality materials, in addition to sustainability.
Financial strategy: the company intends to maintain rigorous discipline, in line with the investment grade profile, in order to reduce the cost of debt and have a better access to credit.

Sustainability permeates all our business strategies. In the 2019-2021 Plan approx €5 million are earmarked for projects which are designed to help us reach our targets for sustainability defined based on the materiality analysis updated in 2017.

Strategy

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A long path of sustainable growth

A consolidation and enhancement plan based on 3 pillars

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