The rating agency Fitch Ratings Ltd (“Fitch”) has assigned IGD a long-term issuer default rating of “BBB-” with a stable outlook.

The rating agency S&P Global Ratings has assigned IGD – Immobiliare Grande Distribuzione SIIQ S.p.A.  a  “BBB-“ rating with outlook stable.

The Strategic Plan focuses on strengthening and maintaining the sustainability of the shopping centers’ leadership in their respective catchment areas, in order to be ready to face the market changes underway and future challenges.

IGD has executed with a pool of lenders, including BNP Paribas Italian Branch, a senior unsecured facility of Euro 200 million, with three years maturity and an extension option up to five years.  

The shareholders appointed the Board of Directors that will remain in office for the next three years, through the Annual General Meeting called to approve the 2020 Annual Report, setting the number of directors at 11.

IGD signed the final agreement for the acquisition of four shopping malls and a retail park located in Northern Italy, part of significant shopping centres in their respective catchment areas (Centro Leonardo in Imola, Centro Lame in Bologna, La Favorita in Mantova and CentroLuna in Sarzana).  

Gilberto Coffari confirmed as Chairman of the Board of Directors and Claudio Albertini as Chief Executive Officer; the number of directors reduced from 15 to 13 and 2 directors appointed from the minority list.

The IGD Group’s real estate porfolio reached a market value of 2,082 million euros, showing a  6.7% increase compared to 31 December 2014.

IGD announces that the settlement has occurred in respect of the private placement and the issuance of Euro 100,000,000 unsecured non-convertible bond with a 7years maturity.