The Board of intu properties plc (‘intu’) notes the recent press speculation regarding the potential acquisition of Xanadu shopping centre in Madrid.
intu confirms it has entered into an exclusivity agreement with entities of the Ivanhoé Cambridge Group to acquire the centre. The transaction would be funded from a combination of bank financing and existing facilities.
At this time there is no certainty that this transaction will complete and a further announcement will be made as and when appropriate.
INTU : intu looking into Xanadu acquisition