Success stories

Grandi Stazioni Retail

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Established: 2016

Country: Italy

Region: Lazio

Investors: Antin Infrastructure Partners

Headquartered in Rome, GSR operates the long-term leasehold providing exclusive rights to the commercial leasing and advertising spaces of the 14 largest Italian railway stations serving 790 million visitors per year. Antin, ICAMAP and Borletti Group acquired GSR from Ferrovie dello Stato Italiane and Eurostazioni in 2016.

Under their ownership, GSR underwent a deep transformation to create a unique visitor experience. GSR  also significantly invested across the network, managed and repositioned commercial spaces and introduced innovative, high-quality brands and services. The company delivered meaningful growth through commercial innovation and improvement of the stations’ commercial areas and media advertising assets.

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Alberto Baldan

CEO - GSR

We thank Antin, ICAMAP and Borletti Group for their significant support over the past years, which enabled us to implement our growth strategy.

>1,8k
media assets and >800 commercial units
€100+m
of capex investment under Antin, ICAMAP and Borletti ownership
>7%
revenue growth despite COVID-19

Key achievements

  • Redevelopment of Roma Termini station

  • Opening of food halls in Naples and Turin

  • “Sensation on Ice” First Christmas event in Milano Centrale 

Funding history

  • More than €100m of capex investment under Antin, ICAMAP and Borletti ownership

Visit GSR website