Letter to the Shareholders 2024 of the Chairman and the CEO
Many of the results we achieved in 2023 and the projects we implemented are not reflected in the numbers, but they comprise assets, tangible and intangible, that IGD will be able to count on in future years. In an environment that we hope will normalize as soon as possible, the positive impact of the achievements made in 2023 will find a way to be expressed over time, while also making an appreciable contribution in terms of numbers. With this in mind, the policies we implemented during the year are examined below, along with the factors that determined the 2023 results.
The strong commitment to ESG issues and achievement of 2024 goals continues
The Board of Directors approved the Corporate Sustainability Report 2023 which was subject to Limited Assurance by Deloitte & Touche which certified compliance with the most important international standards (the GRI Standards).
In 2023, major marketing projects completed and operational metrics confirm the validity of the choices made
The publication of the annual results is a good opportunity to take stock of the intense leasing activity carried out in 2023, with the inauguration of the project that breathed new life into Officine Storiche in Livorno, the completion of the restyling of Portogrande in the Marche region and the start of work to renovate the Centro Leonardo in Imola. The work of letting and re-marketing existing spaces, along with sound marketing initiatives, contributed to a 4.3% increase in the sales of IGD’s Italian mall retailers. Footfalls were up 4.5% against 2022. We discussed these results with Laura Poggi, IGD’s Leasing, Marketing and CSR Director.
With inflation and interest rates falling, the shopping center segment once again has interesting prospects
Now that the fear that shopping centers would not recover after Covid has been eliminated, different signals are emerging from various sources indicating a newfound interest in this type of asset, in part because of its ability to offer more attractive returns than other real estate segments. We spoke about this with Roberto Zoia, IGD’s Director of Asset, Development and Network Management, as well as Chairman of the Consiglio Nazionale dei Centri Commerciali, (CNCC) who has always been a firm believer that shopping centers can continue to play a key role, even in light of the new consumer trends seen in the post-pandemic phase.
Extract of notice of call for Ordinary Annual General Meeting of 18 April 2024
An Ordinary Shareholders’ Meeting of Immobiliare Grande Distribuzione Società di Investimento Immobiliare Quotata S.p.A. (abbreviated “IGD SIIQ S.p.A.”) is convened in Bologna (BO), via Trattati Comunitari Europei 1957-2007, no. 13, on 18 April 2024, at 10:00 a.m., in first call and, if necessary, on 19 April 2024, in second call at the same time and […]
Publication of the documentation of the Annual General Meeting of 18 April 2024
IGD – Immobiliare Grande Distribuzione SIIQ S.p.A. informs that the Notice of Call for the Annual General Meeting – to be held at 10.00 a.m. on 18 April 2024 in first call (and, if necessary, in second call on 19 April 2024 at the same time), together with the Explanatory note of the Board of […]
Notice of call for Ordinary Annual General Meeting of 18 April 2024
An Ordinary Shareholders’ Meeting of Immobiliare Grande Distribuzione Società di Investimento Immobiliare Quotata S.p.A. (abbreviated “IGD SIIQ S.p.A.”) is convened in Bologna (BO), via Trattati Comunitari Europei 1957-2007, no. 13, on 18 April 2024, at 10:00 a.m., in first call and, if necessary, on 19 April 2024, in second call at the same time and […]
2023 results presentation
OPERATING RESULTS CONFIRM THE APPEAL OF IGD’S SHOPPING CENTERS Sales for retailers in Italian malls up by 4.3% and footfalls 4.5% higher than in 2022 and well above 2019 (+6.2%) Occupancy high: Italy 95.3%; Romania 96.2% Net rent collection in FY2023: around 97% in Italy; around 98% in Romania ECONOMIC RESULTS EXCEED EXPECTATIONS Net […]