1 November 2019 – Intu Properties has insisted on its long-term commitment to the Intu Xanadú shopping centre, of which it owns 50%. Nuveen, formerly known as TH Real Estate, owns the other 50% and has also stressed its intention to stay on as a long-term investor in the asset.
Intu Xanadú has 204 stores and well-known tenants including El Corte Inglés, Aliexpress Plaza, Zara, Primark, Apple, H&M, Mango, and Decathlon.
Intu acquired the shopping centre two years ago from Ivanhoe Cambridge for €530 million, subsequently selling 50% to Nuveen for €264.4 million.
Original Story: Idealista – P. Martinez-Almeida
Adaptation/Translation: Richard D. K. Turner