Immobiliare Grande Distribuzione Società di Investimento Immobiliare Quotata S.p.A. (IGD) operates as a leading retail real estate investment trust (REIT) in Italy and Romania. The company's core business model revolves around the acquisition, development, leasing, and management of retail real estate assets. Its freehold portfolio, valued at over €1.7 billion, includes dozens of hypermarkets, supermarkets, shopping malls, and retail parks strategically located throughout Italy, as well as a portfolio of shopping centers in several Romanian cities managed under the Winmarkt brand. IGD generates the vast majority of its revenue from rental income derived from its freehold properties, alongside providing agency, facility, and property management services for institutional third-party portfolios. The company's geographic footprint is heavily concentrated in Italy, which accounts for the bulk of its assets and rental income, supplemented by its strategic presence in Romania. As the first Italian company to adopt the Società di Investimento Immobiliare Quotata (SIIQ) regime, IGD benefits from a favorable tax structure, provided it distributes a significant portion of its taxable income to shareholders. The company maintains a strong competitive position in the Italian retail real estate market by leveraging its historical ties with the Coop cooperative network, which remains a key tenant and anchor for many of its shopping centers.
