Release date: 17 July 2002
Promoter – Financial Intermediary
La Rinascente S.p.A.Location
Description
Construction and operation of one shopping center in the Campania region and four new hypermarkets (two in Campania and two in Sicily).
Objectives
To enhance the market position of the promoter. The project will contribute to modernise the Italian distribution chain. Consumers are expected to benefit from an increased efficiency and a more diversified offer.
Comments
Retail trade.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 135 million
Total cost (Approximate amount)
Estimated at about EUR 274 million
Environmental aspects
Shopping centres fall within the scope of Annex II of the directive 97/11/CEE concerning Environmental Impact Assessment; approval by Regional Authorities (which are responsible for the application of the EIA Directive in Italy) is required. No adverse environmental impact is expected.
Procurement
The procurement follows procedures usually applied in private sector projects.
Status
Signed - 27/02/2003