I Gigli recorded turnover growth of 1.6% largely due to a strong performance from the unit shops of 3.9% driven partly by a strengthening of the tenant line-up. 21 relettings were carried out in the period producing a rental uplift of 26%. Discussions have begun with the municipality over the development options for the land acquired next to the centre. The proposal is to develop a complementary retail offer which can benefit from I Gigli’s 14 million annual visitors.
Visit the I Gigli website at www.igigli.it
2008/2009 Overview and Performance
Total Lettable Area
77,913m²
Value (€ million)
224.80
Retail/Gallery
53,791m²
Rental Income
(€ million)
(€ million)
14.08
Hyper (Panorama)
12,907m²
Rental Growth
3.64%
Cinema
11,215m²
Visitors 2008/9
13.74m
ECP Ownership
56,193m²
Major Tenants
Leroy Merlin, Media World, Coin, Zara, Vis Pathé
