{"id":14147,"date":"2012-08-01T17:38:12","date_gmt":"2012-08-01T15:38:12","guid":{"rendered":"https:\/\/www.gruppoigd.it\/buona-tenuta-delle-valutazioni-immobiliari-per-il-gruppo-igd\/"},"modified":"2018-10-09T12:04:43","modified_gmt":"2018-10-09T10:04:43","slug":"buona-tenuta-delle-valutazioni-immobiliari-per-il-gruppo-igd","status":"publish","type":"post","link":"https:\/\/www.gruppoigd.it\/en\/buona-tenuta-delle-valutazioni-immobiliari-per-il-gruppo-igd\/","title":{"rendered":"Appraisals of IGD Group&#8217;s portfolio holds well"},"content":{"rendered":"<h4>Based on the appraisals of the independent experts, CB Richard Ellis and Reag, the market value of the freehold portfolio at 30 June 2012 reached \u20ac1,913.66 million<\/h4>\n<p class=\" text-justify\">Today\u00a0<strong>IGD -Immobiliare Grande Distribuzione SIIQ S.p.A.(\u201cIGD\u201d<\/strong>\u00a0or the\u00a0<strong>\u201cCompany\u201d<\/strong>), listed on the Star segment of the Italian Stock Exchange, \u00a0received the appraisals relative to its consolidated freehold real estate portfolio from the independent experts, CB Richard Ellis e Reag, which show a\u00a0<strong>market value at 30 June 2012 of \u20ac1,913.66 million, largely unchanged\u00a0<\/strong>with respect to 31 December 2011.<\/p>\n<p class=\" text-justify\"><em>\u201dDespite a turbulent macroeconomic environment and decreased consumption, the appraisals of our Group\u2019s freehold real estate portfolio at 30 June 2012 are largely unchanged with respect to 31 December2011, in terms of both assets and the appraisal parameters, namely cap rate and wacc, further confirmation of the quality and resiliency of our portfolio, as well as the solidity of the appraisals\u201d\u00a0<\/em>stated\u00a0<strong>Claudio Albertini, Chief Executive Officer of IGD &#8211; Immobiliare Grande Distribuzione SIIQ S.p.A.<\/strong><\/p>\n<p><strong>Real estate portfolio at 30 June 2012<\/strong><\/p>\n<p class=\" text-justify\">Based on the appraisals of the independent experts, CB Richard Ellis and Reag, the market value of the IGD Group\u2019s real estate portfolio at 30 June 2012 is largely unchanged with respect to\u00a0 31 December 2011 and comprises the following classes of property:<\/p>\n<ul>\n<li><strong>\u201cHypermarkets and supermarkets\u201d<\/strong>: 19 properties found in eight different regions inItalywith an appraised value of \u20ac539.8 million, an increase of 0.4% with respect to 31 December 2011, due primarily to the stability of the revenue stream and to the expiration of a few lease clauses relative to the most recently opened units;<\/li>\n<li><strong>\u201cShopping malls and retail parks\u201d<\/strong>: 19 properties in eleven different regions inItaly with an appraised value of \u20ac1,017.6 million, a decrease of 1.17% with respect to 31 December 2011, due primarily to the increase in property tax (IMU),\u00a0 the estimated cost of extraordinary maintenance and revised forecasts which show lower sales;<\/li>\n<li><strong>\u201dCity center property\u201d<\/strong>: a real estate complex comprising properties which are adjacent and connected to one another on Via Rizzoli, in downtown Bologna, with an appraised value of \u20ac27.5 million, an increase of 0.7% with respect to 31 December \u00a02011, explained by the growth in revenue linked to contract step-ups;<\/li>\n<li><strong>\u201cWinmarkt\u201d<\/strong>: 16 properties (15 shopping centers and 1 office building) located throughoutRomaniawith an appraised value of \u20ac177.3 million, a decrease of 0.39% with respect to 31 December \u00a02011, attributable primarily to extraordinary maintenance and revised forecasts which show lower revenue;<\/li>\n<li><strong>\u00a0\u201cAssets held for trading\u201d<\/strong>:1 real estate complex in the process of being completed relating to the multi-purpose center in Livorno (the Porta a Mare Project) with an appraised value of \u20ac101.6 million, a decrease of 0.8% with respect to 31 December\u00a0 2011 due to the high capitalization rate and the delayed revenue generation;<\/li>\n<li><strong>\u201cPlots of land\u201d:<\/strong>\u00a04 plots of land located inItalyto be used for the future expansion of existing centers and\/or new projects with an appraised value of \u20ac43.03 million, an increase of 0.54% with respect to 31 December\u00a0 2011 attributable primarily to the progress of the work on theChioggiaproject ;<\/li>\n<li><strong>\u201cOther\u201d:<\/strong>\u00a07 properties in Italy used for various purposes pertaining to freehold retail properties or office buildings with an appraised value of \u20ac6.8 million, a decrease of 1.31% with respect to 31 December\u00a0 2011 .<\/li>\n<\/ul>\n<p class=\" text-justify\">The Group\u2019s Half-Year Financial Report at 30 June 2012 is expected to be approved on 28 August 2012 and the results will then be disclosed to the market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today\u00a0IGD\u00a0received the appraisals relative to its consolidated freehold real estate portfolio from the independent experts, CB Richard Ellis e Reag, which show a\u00a0market value at 30 June 2012 of \u20ac1,913.66 million<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[88],"class_list":["post-14147","post","type-post","status-publish","format-standard","hentry","category-price-sensitive-en","tag-risultati-economico-finanziari-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/14147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/comments?post=14147"}],"version-history":[{"count":2,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/14147\/revisions"}],"predecessor-version":[{"id":14644,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/14147\/revisions\/14644"}],"wp:attachment":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/media?parent=14147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/categories?post=14147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/tags?post=14147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}