A rich portfolio of shopping centers found in Italy and Romania
With a portfolio worth €2.38 billion at 31 December 2019, we are the biggest owner of shopping centers in Italy. As a property company we acquire retail properties which are already generating revenue or newly opened (such as shopping centers, hypermarkets, supermarkets, shopping malls) from which we can extract value over the long term. Our activities also include the disposal of freehold assets or asset rotation in order to optimize the structure of the portfolio at any given time.
In Italy at 31 December 2019 we had 60 properties, including:
- 27 malls and retail parks
- 25 hypermarkets and supermarkets
- 1 development projects
Thanks to an ambitious investment plan as well as prudent commercial policies and property management, the fair value of our real estate portfolio has more than quadrupled since the time of the IPO through today, easily exceeding the threshold of €2 billion.
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In Romania we have:
- 14 shopping centers
- 1 office building