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IEG Reveals Details of Prospective 35 Million Euro Upgrade and Expansion of Vicenza Exhibition Centre
5/17/2018
The project, which will involve the redevelopment and renovation of Hall 2 of the Exhibition Centre, was outlined in the Industrial Plan approved by IEG Board of Directors

Vicenza, 16th May 2018 – The Italian Exhibition Group has presented today in Vicenza comprehensive details about its project to upgrade and expand the city's Exhibition Centre (Fiera di Vicenza).

The Hall 2 project, which will involve an investment of 35 million euro, was originally outlined in the Industrial Plan approved last December by the IEG SpA Board of Directors. Designed by architect Volkwin Marg, a partner at the GMP Von Gerkan, Mark & Partners Studio in Hamburg, it will cover a total surface area of 26,000 square metres.

IEG and the German architectural studio enjoy a long and fruitful relationship, which has produced a number of landmark structures, such as the new Rimini Expo Centre, which opened in 2001, and Rimini's new Palacongressi Conference Building, inaugurated in 2011. The Rimini Expo Centre was the German studio's first important undertaking in Italy, but GMP is world renowned for projects like the Leipzig Expo Centre, the Pavilion of Christian Religions at the Expo 2000 in Hannover, as well as the reconstruction and roofing of the Olympic Stadium and the design of the Central Railway Station, both in Berlin.

The aim of the Hall 2 project is to develop a new exhibition area, and at the same time streamline and modernise spaces, pathways and accessory services throughout the Vicenza Exhibition Centre.

The reconstructed Hall 2, which will be built on two levels instead of the current five, will be equipped with functional and sustainable technologies that will allow IEG to host more numerous and more diverse types of events, enabling it to expand its current portfolio. The project will place particular attention on meeting the needs and development of shows linked to the gold and jewellery industry.

IEG’s ongoing policy of upgrading and developing both the event spaces and associated services at its trade show and congress facilities is considered a critical factor in supporting the growth of the shows it hosts and organises, guaranteeing their relevance and competitiveness in the marketplace. GMP's Hall 2 design will be in perfect harmony with this principle, with careful attention being paid to its environmental impact and functional sustainability.

The Hall 2 upgrade at the Vicenza Exhibition Centre follows a massive investment in the facility, which resulted in the opening of the new Hall 7 in 2015. That trailblazing development, which was undertaken to serve the growing needs of the jewellery sector, as well as those of other sectors served by IEG, played a key role in the strengthening of the company and Vicenza’s position in the trade show market.

The programming and timing of this latest investment comes on the eve of another decisive step forward in IEG's development, in the group establishment of the team of advisors, preceding the company’s anticipated public listing on the Italian Stock Exchange, Borsa Italiana.


ITALIAN EXHIBITION GROUP SPA: FOCUS ON
Italian Exhibition Group SpA (IEG), Italy's number one events and congress player in terms of proprietary products and earning capacity, operates in the Exhibition Centres in Rimini and Vicenza and at the Rimini Palacongressi Conference Building and the Vicenza Convention Centre. The Group is headed by President Lorenzo Cagnoni, Vice President Matteo Marzotto and Managing Director Ugo Ravanelli and closed 2017 with a consolidated turnover of 130.7 million Euros, an EBITDA of 23.2 million and a consolidated net profit of 9.1 million. In 2017 IEG’s portfolio totalled 59 shows (referring to the Food & Beverage, Green, Technology, Entertainment, Tourism, Transport, Wellness, Jewellery & Fashion, Lifestyle & Innovation sectors), 280 events and congresses and, between its Rimini and Vicenza-based centres, registered 15,649 exhibitors and 2,648,675 visitors. IEG operates on a worldwide scale with premises in the United Arab Emirates, USA, China, India and South America. iegexpo.it


Contact:
silvia.giorgi@iegexpo.it






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