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..
The restrictions in place for shopping center operations continue to weigh heavily on the sector “One-off” COVID impact of €4 million recognized in 1Q 2021 Net rental income: €26.2 million (-20.7%) FFO: €8 million (-33.3%) Notes falling due redeemed in full with significant cash on hand at the end of the reporting period of €86 million In the […]
The restrictions in place for shopping center operations continue to weigh heavily on the sector “One-off” COVID impact of €4 million recognized in 1Q 2021 Net rental income: €26.2 million (-20.7%) FFO: €8 million (-33.3%) Notes falling due redeemed in full with significant cash on hand at the end of the reporting period of €86 […]
IGD’s new Board of Directors, appointed for the three-year period 2021 – 2023 during the Shareholders’ Meeting held in ordinary session, called upon Rossella Saoncella to act as Chairman of the Board of Directors and confirmed Claudio Albertini as Chief Executive Officer. The Director Stefano Dall’Ara was appointed Vice Chairman of the Board of Directors.
