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2017 / iberian.propery // 95
Intu owns some of the largest and most popular
shopping centres in the UK and Spain.
Our Spanish strategy is to create a business of scale
through acquisition anddevelopment. Concentrating
on the top-10 key catchments, we aim to establish a
market-leading position in the country through own-
ership andmanagement of prime shopping resorts.
Aswell as our three top-10 Spanish centreswe also
have four development projects: intu Costa del Sol,
Valencia,Vigo and Palma, onwhichwe plan to invest
a further 388million euroswithin the next fewyears.
The group is also a major shareholder of Asturias
Retail & Leisure Socimi SA.
Sector Profile
Main Investment Cities
Fund strategy Core and
Added Value
Gross Asset
Value Iberia € 918 Mn
Nº of assets (Spain) 4
Annual Property
Income € 19,3 Mn
Benchmark IPD
Legal Structure REIT
Legal Domicile UK
John Strachan
Chairman
Alex Barbany Fernández
Managing Director - Spain
Martin Breeden
Development Director
Board Members
Shopping Center
Madrid
Others
Data collected from:
TRANSACTIONS 2016 & 2017
Asset Name Sales
Date Sector Price Area Buyer Seller
Xanadú Shopping mar/17 Retail €530 Mn 153,695sqm
Intu (Asturias
Retail & Leisure
SOCIMI)
Ivanhoe
Cambridge
Xanadu Shopping
(50% stake) mai/17 Retail €264 Mn 153,695sqm TH Real Estate Intu Properties