Intu Properties Plc Completion of Joint Venture for Madrid Xanadu

 
TIDMINTU 
 
31 JULY 2017 
 
LEI: 213800JSNTERD5CJZO95 
 
Regulated Information Classification: Additional regulated information required 
to be disclosed under the laws of a Member State of the EU 
 
INTU PROPERTIES PLC AND TH REAL ESTATE ANNOUNCE COMPLETION OF THE JOINT VENTURE 
FOR MADRID XanadÚ SHOPPING CENTRE 
 
intu properties plc ('intu') and TH Real Estate - on behalf of its pan-European 
investment vehicle, the European Cities Fund - announced on 26 May 2017 that 
they were forming a 50/50 joint venture to own Madrid Xanadú shopping centre in 
Spain. The centre was originally acquired by intu in March 2017. 
 
The closing of the transaction was subject to certain completion conditions, 
including regulatory approvals, which have now been met, and the transaction 
has therefore completed today. 
 
ENQUIRIES 
 
intu properties plc 
 
Susan Marsden     Group Company Secretary                       [phone] 
 
 
ABOUT INTU 
 
intu is the UK's leading owner, manager and developer of prime regional 
shopping centres with a growing presence in Spain. 
 
We are passionate about creating uniquely compelling experiences, in centre and 
online, that attract customers, delivering enhanced footfall, dwell time and 
loyalty. This helps our retailers flourish, driving occupancy and income 
growth. 
 
We own many of the UK's largest and most popular retail destinations, including 
nine of the top 20, with super regional centres such as intu Trafford Centre 
and intu Lakeside and vibrant city centre locations from Newcastle to Watford. 
 
We are focused on four strategic objectives: optimising the performance of our 
assets to provide attractive long term total property returns, delivering our 
UK development pipeline to add value to our portfolio, leveraging the strength 
of our brand and seizing the opportunity in Spain to create a business of 
scale. 
 
We are committed to our local communities, our centres support over 120,000 
jobs representing about 4% of the total UK retail workforce, and to operating 
with environmental responsibility. 
 
Our success creates value for our retailers, investors and the communities we 
serve. 
 
 
 
END 
 

(END) Dow Jones Newswires

July 31, 2017 09:48 ET (13:48 GMT)