As of 28 February 2014 IGD – Immobiliare Grande Distribuzione SIIQ S.p.A. has sold to Quantum Strategic Partners Ltd., a private investment fund managed by Soros Fund Management LLC, all of its 10,976,592 treasury shares, representing approximately 3.15% of the share capital.
IGD’s main results are: Total revenue: €127.0 million, +3.0%; Core business revenue: €120.7 million (€123.3 million at 31 December 2012); Core business EBITDA: €82.8 million (€85.8 million at31 December 2012); Group net profit: €5 million (€11.3 million at 31 December 2012), as a result primarily of the drop in Ebitda and the negative change in […]
Yesterday IGD – Immobiliare Grande Distribuzione SIIQ S.p.A. signed a preliminary agreement for the sale of the mall in the “Fonti del Corallo” Shopping Center in Livorno to a private real estate fund managed by BNP Paribas REIM Sgr, advised by CBRE.
Targets included in the new plan: CAGR for income from rental business of+2.6% (+1.5% LFL); Ebitda Margin Freehold Management at the end of the period: > 80%; Expected investments of approximately €195 million expected, €110 million for capex and expansion of the current perimeter and approximately €85 million for the development of the pipeline; Disposals […]
Immobiliare Grande Distribuzione SIIQ S.p.A. (“IGD”) announces that on December 3, 2013 Euro 135 Million has been drawn under the mortgage loan granted by BNP Paribas, Succursale Italia, the execution of which had already been announced to the market on November 27, 2013
