Immobiliare Grande Distribuzione Siiq S.p.a. MIL:IGD
Immobiliare Grande Distribuzione SIIQ S p A : The strategy outlined in the 2025-2027 Business Plan continues with the expansion of the Business Unit dedicated to the management of assets owned by third parties
Source: MarketScreener
PRESS RELEASE
THE STRATEGY OUTLINED IN THE 2025-2027 BUSINESS PLAN CONTINUES WITH THE EXPANSION OF THE BUSINESS UNIT DEDICATED TO THE MANAGEMENT OF ASSETS OWNED BY THIRD PARTIES IGD Service has been awarded the contract of mandate for the "Technical monitoring and supervision for the capital expenditure of co-owned portions" of the Eurosia Shopping Center.Bologna, 20 July 2025 - IGD - Immobiliare Grande Distribuzione SIIQ S.p.A. announces signing a contract of mandate with Eurosia Shopping Centre Consortium for the Technical Monitoring C Supervision for the capital expenditure of co-owned portions of the Eurosia Shopping Centre in Parma, effective from 01/01/2026.
The shopping mall was purchased in June 2025 by Gallerie Commerciali Bennet.
The hypermarket inside the Shopping Centre is owned by Coop Alleanza 3.0, which also manage it.
The transaction consolidates the new Business Unit introduced in the 2025-2027 Business Plan, which includes the management of third parties' assets, a non-capital-intensive activity that IGD aims to significantly strengthen. Through this approach, the Company intends to position itself as a leading provider of asset management and other advanced services, in order to increase the network of managed assets by identifying new opportunities, as outlined in the Business Plan.
"We are pleased to further expand the contracts falling within the Services for Third Parties Business Unit," commented Roberto Zoia, CEO and Managing Director of IGD SIIQ S.p.A. "We strongly believe in this business, which allows us to leverage the property management skills we have developed over many years of managing complex assets, to the benefit of third parties. The signing of this agreement once again underscores our unwavering commitment to the strategic direction outlined in the 2025-2027 Business Plan."
IGD - Immobiliare Grande Distribuzione SIIQ S.p.A.Immobiliare Grande Distribuzione SIIQ S.p.A. is a key player in Italy's retail real estate sector. IGD owns a rich portfolio of shopping centers located throughout Italy which are managed by in-house asset, property, facility and leasing management divisions. IGD also acts as a service provider, managing portfolios of institutional third parties. An extensive domestic presence, a solid financial structure, the ability to plan, monitor and manage all phases of a center's life cycle, both freehold and leasehold, as well as ongoing investments in retail and technology innovation, ensure IGD's position as a point of reference in the retail real estate sector.
The Company, listed on Borsa Italiana's STAR segment, was the first SIIQ (Società di Investimento Immobiliare Quotata or real estate investment trust) in Italy. IGD's freehold portfolio, valued at more than €1,694.2 million at 31 December 2024, includes 8 hypermarkets and supermarkets, 25 shopping malls and retail parks in Italy and a portfolio of shopping centers in 13 Romanian cities which are managed directly based on the same model used in Italy.
The Company also holds 40% of two real estate funds which are comprised of 13 hypermarkets, 4 supermarkets and 2 shopping malls for which IGD manages project, property C facility management activities.
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