Immobiliare Grande Distribuzione SIIQ S.p.A. is one of the main players in Italy’s retail real estate market: it develops and manages shopping centers throughout the country and has a significant presence in Romanian retail distribution. Listed on the Star Segment of the Italian Stock Exchange, IGD was the first SIIQ (Società di Investimento Immobiliare Quotata or real estate investment trust) in Italy. IGD has a real estate portfolio valued at circa €2,388.3 million at 30 June 2019, comprised of, in Italy, 25 hypermarkets and supermarkets, 27 shopping malls and retail parks, 1 plot of land for development, 1 property held for trading and an additional 5 real estate properties. Following the acquisition of the company Winmarkt Magazine SA in 2008 14 shopping centers and an office building, found in 13 different Romanian cities, were added to the portfolio.
IGD already started to include sustainability issues in corporate planning in the 2014-2016 Business Plan and this approach was then confirmed both in the following Plan (2015-2018) and in the revised version of the same (2016-2018). In the latter, social responsibility represented one of the 4 cornerstones that are strategic for the Company’s business.
The 2019-2021 Strategic Plan was approved on 7th November 2018 where sustainability is included in the section “Innovation and operating excellence”, one of the 3 pillars upon which the Plan is based.
IGD already started to include sustainability issues in corporate planning in the 2014-2016 Business Plan and this approach was then confirmed both in the following Plan (2015-2018) and in the revised version of the same (2016-2018). In the latter, social responsibility represented one of the 4 cornerstones that are strategic for the Company’s business.
The 2019-2021 Strategic Plan was approved on 7th November 2018 where sustainability is included in the section “Innovation and operating excellence”, one of the 3 pillars upon which the Plan is based.
