Italian retail specialist IGD Siiq has sold its share in two of the three shopping centres owned by RGD, its partnership with Beni Stabili. In a statement, the company said that it has sold its 50% interest in the Beinasco and Nerviano malls to Beni Stabili for a total of EUR 59 mln. The assets are valued at EUR 104 mln, according to the latest appraisal carried out by CBRE.
Italian retail specialist IGD Siiq has sold its share in two of the three shopping centres owned by RGD, its partnership with Beni Stabili. In a statement, the company said that it has sold its 50% interest in the Beinasco and Nerviano malls to Beni Stabili for a total of EUR 59 mln. The assets are valued at EUR 104 mln, according to the latest appraisal carried out by CBRE.
Darsena City in Ferrara, the third shopping centre owned by RGD, will be retained, IGD said. As a result, the company has signed a new agreement to buy a 50% stake in the centre from Beni Stabili for EUR 22 mln, following the liquidation of the RGD joint venture.
'The agreement confirms once more the realisation of the 2009 - 2013 industrial plan of the group and is in line with IGD's new strategy to rotate the assets in its portfolio as well as to strengthen its existing assets,' the company said.