Who we are

We are the Italian leader in shopping center properties

The IGD Group is the most important Italian listed group in the retail real estate sector, a dynamic sector of primary interest to Italian and foreign investors. We own and manage properties in Italy and Romania where we operate shopping centers. We have been listed on the Euronext STAR Milan segment of Borsa Italiana since 2005. Our portfolio was worth €1.97 billion at 31 December 2023.

IGD is a socially responsible group with a long term view

Our group was formed in 2000 following the spin-off of a portion of the real estate assets held by Coop Adriatica (now Coop Alleanza 3.0) and Unicoop Tirreno, who are still our main shareholders. We operate our shopping centers with a view to the long term, striving to maintain maximum value over time. Sustainability is part of everything we do and we work to always act ethically and in accordance with the highest standards of integrity and transparency.

KEY FIGURES (at 31 December 2023)

€ 119.6

Net rental income (€ million)

€ 55.4

million Funds From Operations

169

employees in Italy and Romania

27

Shopping malls in Italy

2022-2024 Business Plan

Our strategy responds to the continuous evolution of consumer needs and preferences, also linked to the new global macro-trends that Covid has accelerated, leveraging an effective business model.

In December 2021, we presented the new Business Plan 2022-2024, whose primary target is the active management of the assets in order to prepare them for the future and the new market challenges: the company expects a return to organic growth based on sustainability and innovation.

Find out more on our strategy

Our portfolio

Our revenue is generated primarily by the rental business which, in 2008, allowed us to become the first SIIQ (Società di Investimento Immobiliare Quotata) or REIT (real estate investment trust) in Italy. This regime, which calls for compliance with stringent requirements, is consistent with a long term vision and the non-speculative nature of our investments.

Our work is dedicated to both the enhancement of our existing portfolio, as well as the development of a pipeline of new investments.

Our portfolio is balanced and geographically diverse. It comprises 54 properties in 12 Italian regions (over 93% of the portfolio). A large part of our shopping centers are well positioned in their reference catchment areas. As of 2008, we are also in Romania through Winmarkt, the country’s biggest chain of department store which accounts for about 6.2% of our portfolio. At 31 December 2023 we had about 1,396 leases with tenants in our Italian shopping centers and about 662 in Romania.

We create value for our stakeholders through sustainable growth

Our mission is to create value for all our stakeholders: shareholders and financial community, employees, visitors and local communities, tenants, suppliers as well as environment. We believe this is possible through sustainable growth over the long term.

Find out more on our mission

A unique player in Italy

We stand out for our integrated approach which allows us to manage all aspects of our business: financial, technical, commercial and related to marketing.

In order to consistently meet the expectations of our visitors we change with the times, regularly adapting our retail spaces, mix of merchandise and brands to reflect the latest market trends.

Our shopping centers go beyond a simple shopping experience. They become meeting places, places to be together and share experiences: this is the meaning of our philosophy “Spaces to be lived in”.

Find out more on what makes us different

A solid group

We are the only Italian listed company active in the retail real estate sector.

Over time we have worked to strengthen the solidity of our financial structure and, consequently, have lowered operational risks. We stand out for our strong cash flow generation: our FFO (Funds from Operations, or cash flow generated by recurring operations, a performance indicator used widely in the real estate sector) came to almost €55.4 million in 2023.