Tuesday 07 February 2012
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Eurocommercial Properties :: italy la favorita

One of Italy’s most beautiful cities and recognised in 2008 as a UNESCO cultural heritage site including architectural masterpieces by Leon Battista Alberti and Giulio Romano, Mantova is a small city but came to European prominence through the Gonzaga family’s influence in the 15th and 16th centuries.

Eurocommercial bought La Favorita in 1998 and the neighbouring retail park in 2003. This is the main retail pole of the city which also houses a multi-use events venue. Turnover growth was particularly strong in the last year, buoyed by the arrival of Oviesse who took over the Upim chain in Italy.

 

Visit the La Favorita website at www.centrolafavorita.it

 

2009/2010 Overview and Performance

Total Lettable Area
29,879m²
ECP Ownership
13,679m²
Retail/Gallery
7,400m²
Value (€ million)
48.50
Retail Park
6,279m²
Passing Rent
(€ million)
3.47
Hyper (Ipercoop)
11,000m²
Rental Growth
2.81%
Brico
2,700m²
Visitors 2010/11
2.73m
Cinema
2,500m²
Major Tenants
Media World, Oviesse, Piazza Italia, Scarpe & Scarpe, Bernardi