INTU PROPERTIES PLC - Intu Properties Plc and TH Real Estate Announce Completion of the Joint Venture for Madrid Xanadu Shopping Centre

Intu Properties Plc and TH Real Estate Announce Completion of the Joint Venture for Madrid Xanadu Shopping Centre

INTU PROPERTIES PLC
(Registration number UK3685527)
ISIN Code:    GB0006834344
JSE Code:     ITU


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                               +44 (0)20 7887 7073


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.

Sponsor:
Merrill Lynch South Africa (Pty) Limited

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