Immobiliare Grande Distribuzione SIIQ SpA's real estate assets are concentrated in the retail
sector and have a fair value, based on the independent experts' appraisals at 31 December 2016,
is equal to €2.18 billion. Almost 92% of the assets are in Italy: thanks to these numbers IGD is
the biggest retail real estate company in the country. IGD purchases and manages properties -
primarily hypermarkets and shopping malls - with a long term view in order to extract value through
commercial and real estate operations designed to maintain the quality of the assets over time.
In 2008 IGD, currently listed on the Italian Stock Exchange's STAR segment, was the first Italian
company to become a REIT (Società di Investimento Immobiliare Quotata or SIIQ) as most of its income
is generated through rental activities. IGD's portfolio is very segmented and diversified in terms
of geographic distribution: its centers, in fact, can be found in 11 different Italian regions. IGD's
shopping centers, typically mid-size, are generally located on the outskirts of urban centers and have
a food anchor next to a shopping mall with different sized stores.