1977: THE BIRTH OF A BUSINESS.
The company started out as a small building firm, with its headquarters in Milan. It took part in the construction of the Yacht Club Costa Smeralda. It later went on to enjoy growth thanks to private customer contracts and acquired invaluable experience in designing, building, financing and leasing the shopping centres it built to large-scale distribution groups. In 1991, the company changed its name to ImmobiliarEuropea SpA. Starting in the late 80s the company radically changed its strategy: from a high-organisational-effort and low-added-value business concern (construction company operating on behalf of third parties, always in the private sector), to a low- organisational-effort, high-added-value activity (customer, with the growth of its own property development operations). The sector in which the Company has acquired specific expertise and experience is that of retail shopping centres in particular, as well as in the residential, hotel and other sectors. Market orientation and focus on end customers, on their needs and on solutions and services to satisfy them, have required additional skills besides the typical, technical and operational ones of the production process, which have not obviously been neglected.
So it is that the following abilities have become distinctive skills:
The Group’s sphere of business activity is divided into three main areas:
Commercial:
Development of shopping centres for large-scale retail distribution (Hypermarkets, Shopping Malls, Catering, Entertainment, etc.) for rental or sale.
The main initiatives are
COMPLETED
BEING DEVELOPED
tourist: accommodation facilities-hotels
boating/sailing
miscellaneous
The Group is focused on:
In the Commercial segment, some of the complexes, or part of them, were sold to increase development projects in the company portfolio:
SOLD COMPLEXES |
PLACE |
OPENING |
EXTENSION |
SLP (mq.) |
Centro Commerciale Santa Gilla | Cagliari | 1992 | 26.712 | |
Centro Commerciale Olbiamare | Olbia | 1993 | 2007 | 32.754 |
Centro Commerciale Cinisello Balsamo | Milano | 1993 | 2007 | 55.798 |
Centro Commerciale Pirri Marconi | Cagliari | 1994 | 27.656 | |
Centro Commerciale Predda Niedda | Sassari | 1996 | 2004 | 34.384 |
Centro Commerciale Azuni | Sassari | 1996 | 2009 | 5.283 |
Centro Commerciale Cadsalbertone | Roma | 1997 | 29.251 | |
Centro Commerciale Monza | Milano | 2008 | 39.946 | |
Centro Commerciale Catania | Catania | 2010 | 89.811 | |
Total SLP achievement 1992-2010 (mq.) | 341.595 |
SOLD COMPLEXES |
PLACE |
YEAR |
Cap Rate |
PRICE (€/000) |
Ipermercato Santa Gilla | Cagliari | 1999 | 6,42% | 35.791 |
Ipermercato Pirri Marconi | Cagliari | 1999 | 6,01% | 38.185 |
Ipermercato Predda Niedda | Sassari | 2000 | 6,55% | 13.295 |
Ipermercato Casalbertone | Roma | 2001 | 6,38% | 38.734 |
Centro Commerciale Cinisello Balsamo | Milano | 2008 | 197.050 | |
Centro Commerciale Monza | Milano | 2009 | 6,10% | 141.355 |
Ipermercato Catania | Catania | 2009 | 39.437 | |
Galleria Commerciale Casalbertone | Roma | 2011 | 6,10% | 48.000 |
Galleria Commerciale Porte di Catania | Catania | 2012 | 187.655 | |
Galleria Commerciale Santa Gilla | Cagliari | 2016 | 32.830 | |
Galleria Commerciale Predda Niedda | Sassari | 2016 | 40.930 | |
Galleria Commerciale Pirri Marconi | Cagliari | 2016 | 39.700 | |
Centro Commerciale Olbiamare | Olbia | 2016 | 68.400 | |
Total sale price 1999-2016 | 921.363 |