History

Aedes SIIQ was created following the demerger of the pre-existing Aedes (now called Restart), founded in 1905 and listed on the Italian Stock Exchange since 1924. Aedes SIIQ, following the demerger – approved in the Shareholders’ Meeting of September 27, 2018 – and simultaneous listing on the MTA market (now called Euronext Milan) managed by Borsa Italiana in December 2018, owns a real estate rent portfolio and development for rent portfolio in line with the strategy of a REIT with commercial purpose (Retail and Office).

Strategy and Mission

Aedes SIIQ’s strategy consists of the creation and expansion of its “Commercial Portfolio”, with a particular focus on new-generation “Retail Properties” and high-quality “Office Spaces” exceeding the industry average, in order to generate recurring cash flows in line with the SIIQ/REIT model.

The recurring cash flow will derive both from the properties already owned, with retail and office use, currently leased or in the marketing phase, and from the areas that will be developed in-house to realize rental properties primarily for retail purposes.

Aedes SIIQ is building its future thanks to the investments of its two business lines, acquiring income properties to compete with the performances of European REITs and, on the other, creating a new generation of shopping and leisure centers through its pipeline development, with a limited recourse to both indebtedness and financial risk assumptions.

Shareholding

Immagine1