During the week of 17-23 May, the first since the end of October 2020 during which most of the retailers inside IGD’s shopping center malls were allowed to stay open (including on Saturday and Sunday), footfalls were 32% higher than in the same week of the previous year (18-24 May 2020, which was the first […]
The shopping center world is looking for ways to create a new foundation upon which to build the relationship with the shopper: an evolution which – most assuredly – will lead to more personalization and targeted offers. During an interview of Daniele Cabuli, Chief Operating Officer, and Laura Poggi, Head of Leasing, they explained to us what this project will bring and the excitement surrounding these new developments.
Investors’ attention is now focused on the opportunities created by the economic recovery expected to materialize in the second part of the year when the last anti-Covid restrictions will also be eliminated as the vaccine roll-outs are completed. The 10.7% rise in IGD’s stock price since the beginning of the year reflects these expectations, but not completely: there is still room for further upside in this new scenario.
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 […]
The first quarter 2021 accounts reflect the penalizing operating conditions stemming from the mandatory closures imposed to contain the pandemic. Despite the €6.9 million drop in FFO, the pre-letting and marketing of the spaces, as well as the positive outcome of the negotiations with tenants, made it possible to maintain a good level of occupancy […]
Rossella Saoncella assumed the role of Chairman on 20 April, after the inauguration of the new Board of Directors appointed during the Shareholders’ Meeting. We asked her a few questions in order to understand how she intends to interpret her role as Chairman at such a complex moment in time, during which IGD is grappling with profound changes in consumption which were accelerated by the pandemic.
In this edition our focus will be on the work IGD is doing to promote and spread sustainability best practices in Italy and abroad. During the first quarter of 2021 the Company was one of the first to sign the “Sustainability Manifesto” defined by the Consiglio Nazionale dei Centri Commerciali (CNCC) and participated in the first workshop sponsored by BPIE (Buildings Performance Institute Europe), in collaboration with ECSP (European Council of Shopping Places), focused on creating a vision shared by the players of the European retail real estate sector for a zero emissions future.
IGD advises that, the Interim Financial Report as at 31 March 2021 is available upon request at the Company’s registered office, on the Company’s website http://eng.gruppoigd.it, as well as on the authorized storage system eMarketSTORAGE www.emarketstorage.com, managed by Spafid Connect S.p.A..
