Immobiliare Grande Distribizione SIIQ SpA's real estate assets are concentrated in the retail sector and the fair value, based on the independent experts' appraisals at 31 December 2022, is equal to €2.1 billion. Almost 93,8% of the assets are in Italy: thanks to these numbers IGD is one of the biggest retail real estate company in the country. IGD purchases and manages properties - primarily hypermarkets and shopping malls - with a long term view in order to extract value through commercial and real estate operations designed to maintain the quality of the assets over time. In 2008 IGD, currently listed on the Italian Stock Exchange's Euronext STAR segment, was the first Italian company to become a REIT (Società di Investimento Immobiliare Quotata or SIIQ) as most of its income is generated through rental activities. IGD's portfolio is very segmented and diversified in terms of geographic distribution; its shopping centers, typically mid-size, are generally located on the outskirts of urban centers and have a food anchor next to a shopping mall with different sized stores. As at 31 December 2022, IGD’s real estate portfolio in Italy is comprised of 27 shopping malls and retail parks, 19 hypermarkets and supermarkets, 1 plots of land for development, 1 asset held for trading and 6 other properties. Following the acquisition of the company Winmarkt Magazine SA in 2008, 14 shopping centers and 1 office building in Romania were added to the portfolio.