PIE Events
- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
Italy's first REIT IGD sees 1H08 profit rise 42% with help from tax benefits
Italy's first REIT/SIIQ, the hypermarket and shopping centre investor IGD, saw net profits rise to e34m in the first half year, a 42% rise over 1H08. Immobiliare Grande Distribuzione was handsomely rewarded as the lone concern to brave conversion to SIIQ status in time to reap tax advantages this year: tax benefits alone boosted the first half bottom line by e10m.