2010: IGD opened two new shopping centers and sells 50% stake in RGD
With the Christmas season approaching, IGD opened a few days apart from each other two important shopping centers. The first one, "La Torre" shopping center in Palermo, opened on 23rd November. The second opening, on 25th November, concerns the "Conè" shopping center in Conegliano, with an adjoining retail park.
The sale to Beni Stabili of 50% interest in Beinasco and Nerviano shopping centers, carried out in December through the transfert of the stake that IGD had in the joint venture RGD, make a move in the direction of the real estate portfolio rotation, according to the new strategic guideline presented in November, with the revision of the 2009-2013 business plan.
At the 31 December 2010 the market value of IGD's portfolio exceeded €1.8 billion according to an independent appraisal by CBRE.




