Intu Properties in Talks to Sell Two Shopping Centres to ECE and Generali

21 September 2019 – The British company Intu Properties is in the final stages of negotiations to sell two shopping centres, Intu Principado and Puerto Venecia, for more than 400 million euros. The firm, which is in talks with ECE and Generali, put the assets up for sale at the beginning of the year to drive down its debt.

Intu Properties owns the two Spanish shopping centres, Puerto Venecia, in Zaragoza, and Intu Asturias, outside of Oviedo, together with the Canadian pension fund, CPPIB.

The British group is also seeking a buyer for its stake in Intu Xanadú, located in the outskirts of Madrid, in the town of Arroyomolinos.

Original Story: Expansión – Rocío Ruiz

Adaptation/Translation: Richard D. K. Turner

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