RGD S.p.A. (Riqualificazione Grande Distribuzione) \u2013 a 50\/50 joint venture between Beni Stabili and IGD, established with the aim of redeveloping existing shopping centres \u2013 has today agreed to purchase a significant portion of the mall located in the \u201cLe Fornaci\u201d shopping centre at Beinasco, on the outskirts of Turin. The area to be purchased amounts to a GLA (Gross Leasable Area) of approximately 4,700 square metres.<\/p>\n
RGD S.p.A. has also signed a preliminary agreement to purchase around another 2,000 square metres by the end of 2008.<\/p>\n
In concluding the agreement, RGD is, after due examination of the transaction, taking over the preliminary agreement entered into by IGD on 6 August 2007.<\/p>\n
The transaction will take the following form: the purchase of all the shares in New Mall srl at a price of \u20ac13.8 million, the transfer of a remaining lease of \u20ac18.9 million, and the purchase of further space worth \u20ac3.8 million.<\/p>\n
The purchase price of \u20ac17.6 million (excluding the lease) is subject to an earnout element payable on 31 December 2009.<\/p>\n
The earnout will be based on the centre\u2019s earnings performance.<\/p>\n
The \u201cLe Fornaci\u201d shopping centre is part a Retail Park located in the municipality of Beinasco, on the southern outskirts of Turin. The customer base is typical of a metropolitan area, within which the centre has established a highly competitive and strong position. The Beinasco Retail Park includes a series of buildings: in addition to the \u201cLe Fornaci\u201d centre, the Park hosts a Brico store, a 9-screen Multiplex cinema, a McDonald\u2019s, a service station, and a Megashopping centre linked to the mall by a pedestrian walkway.<\/p>\n","protected":false},"excerpt":{"rendered":"
RGD S.p.A. (Riqualificazione Grande Distribuzione) \u2013 a 50\/50 joint venture between Beni Stabili and IGD, established with the aim of redeveloping existing shopping centres \u2013 has today agreed to purchase a significant portion of the mall located in the \u201cLe Fornaci\u201d shopping centre at Beinasco, on the outskirts of Turin<\/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":[94],"class_list":["post-14968","post","type-post","status-publish","format-standard","hentry","category-price-sensitive-en","tag-operazioni-straordinarie-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/14968","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=14968"}],"version-history":[{"count":2,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/14968\/revisions"}],"predecessor-version":[{"id":15142,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/14968\/revisions\/15142"}],"wp:attachment":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/media?parent=14968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/categories?post=14968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/tags?post=14968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}