IGD’s Chief Executive Officer, Claudio Albertini, provides a strategic interpretation of the results achieved in a half still heavily impacted by the restrictions in place to prevent the spread of the virus. It’s clear that the shopping center format will continue to have a key role in the new consumption models. And that is not all: these results show also that the way in which IGD manages its portfolio is particularly effective.

Dear Shareholders, during the first quarter of 2020 IGD operated in an environment that was still impacted heavily by the restrictions imposed to limit the spread of the Covid-19 pandemic. The “non-essential” retailers in our malls that were closed 25% of the possible days of operation in the first three months of 2020, weren’t allowed […]

Throughout these months of 2020 marked by the Covid-19 pandemic, IGD has dealt with new and unforeseeable complexities stemming from the need to ensure business continuity while, at the same time, guaranteeing safety inside its properties.

Dear Shareholders, in the first half of 2020 IGD was faced with one of the most difficult situations in its history, as the shopping center management business was one of the businesses hit the hardest by the health crisis that developed with the spread of Covid-19.

Dear Shareholders, in the first quarter of 2020 we had to grapple with the government restrictions put into place to contain the spread of Covid-19, the virus that hit Italy particularly hard already beginning in February, but which did not spare Romania either where, however, containment measures did not take effect until March.

Dear Shareholders, the results posted in the first nine months of 2019 show that we are firmly on the path outlined in our three-year Business Plan which will take us through 2021. We followed our commercial and asset management policies effectively and continued to invest in innovating our shopping centers and satisfying visitors’ new expectations

The results in the half-year report show that our commitment to operational and financial management is moving in the direction forecast in the Business Plan