Riqualificazione Grande Distribuzione (RGD), a 50/50 joint venture between Italian property companies Beni Stabili and IGD, has signed a preliminary agreement to acquire the Ducale shopping mall in Vigevano, near Pavia in Northern Italy. The transaction price amounts to EUR 46 mln, excluding costs.
Riqualificazione Grande Distribuzione (RGD), a 50/50 joint venture between Italian property companies Beni Stabili and IGD, has signed a preliminary agreement to acquire the Ducale shopping mall in Vigevano, near Pavia in Northern Italy. The transaction price amounts to EUR 46 mln, excluding costs.
The retail asset is anchored by an Ipercoop hypermarket and offers around 16,000 m2 of gross leasable area spread across 60 shops. RGD said the deal is expected to be completed by 2011.
RGD was created by IGD and Beni Stabili in November 2006 to acquire existing shopping centres in Italy.
