IGD S.p.A., a company listed on the Italian Stock Exchange which operates in the real estate sector of large-scale retail outlets, today signed an agreement for the acquisition, from non related party, of the mall and retail park of the \u201cParco Commerciale e per il Tempo Libero Mondov\u00eccino\u201d, located in Mondov\u00ec, near Cuneo.<\/p>\n
The shopping park, designed by Giugaro Architecture using cutting-edge technology and toplevel solutions, consists of a hypermarket and a mall which respectively cover approximately 7,500 m_ of sales area and 6800 m_ of GLA.<\/p>\n
Next to the shopping centre is a retail park made up of 5 mid-sized stores, covering approximately 10,000 m_ of GLA, which will be a strong drawing point for the public.<\/p>\n
In the near future, an approximately 25,000 m_ of GLA factory outlet will be built as part of the centre, increasing the shopping park\u2019s value as well as adding another magnet to attract customers.<\/p>\n
The acquisition is for a sum of 39.5 million euros, and specifically regards the property housing the retail park and the company which owns the mall. The purchase price will be settled in cash and in particular 6 million euros at the sign of the contract and 2 million euros at the beginning of the works. The remaining purchase price will be settled at the end of the works expected for the 2007\/2008.<\/p>\n
This acquisition is part of IGD\u2019s broader growth strategy, as presented to the financial market at the time of listing, which aims at increasing its real estate portfolio through the acquisition and construction of shopping centres which offer significant investment opportunities.<\/p>\n
\u201cGiven the quality and the value of these properties,” commented Filippo Carbonari, Managing Director of IGD, “we are very pleased with this acquisition. It\u2019s also a demonstration that IGD continues to grow, not only through the framework agreement signed with the members of Coop Adriatica and Unicoop Tirreno, but also through independent lines.”<\/p>\n
\u201cIt\u2019s important to emphasise,\u201d Carbonari continued, \u201cthat our contributions to the various phases of the shopping centre\u2019s design and construction will allow us to maximise creation of value under our management.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
IGD S.p.A., today signed an agreement for the acquisition, from non related party, of the mall and retail park of the \u201cParco Commerciale e per il Tempo Libero Mondov\u00eccino\u201d, located in Mondov\u00ec, near Cuneo<\/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-17652","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\/17652","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=17652"}],"version-history":[{"count":2,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/17652\/revisions"}],"predecessor-version":[{"id":17788,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/17652\/revisions\/17788"}],"wp:attachment":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/media?parent=17652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/categories?post=17652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/tags?post=17652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}