PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
Italian retail REIT IGD defies market woes as profits soar 43%
Italian shopping centre specialist IGD, the nation's first REIT, reported a dramatic upswing in third quarter revenues and operating performance. Consolidated revenues rose 34% to e73m and EBITDA was up 30% to e45m compared to 3Q07. IGD (Immobiliare Grande Distribuzione) has a property portfolio valued at e1.26bn, and said growth was driven by increased rental income.