2007: RGD is formed; launch of a new three year investment plan
In March 2007 RGD, Riqualificazione Grande Distribuzione, is born. The objective of this 50-50 joint venture between Beni Stabili and IGD is to enhance existing shopping centers, a segment which both partners believe has interesting prospects. The company’s initial assets, 2 shopping centers, had an estimated value of €113.2 million.
As the 2005-2008 investment plan was completed a year in advance, in 2007 a new plan is launched which calls for investments of €800 million to be made over the next three years. In order to finance the new plan IGD launches a capital increase of approximately €98 million and issues a €230 million convertible bond.




