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Intu Brings Forward the Sale of Xanadú to September

The operator is finalising the details of the sale of 50% of the Xanadú shopping centre from August onwards, after filing for bankruptcy at the end of June.

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The Xanadú shopping centre may change hands in just a couple of weeks, after one of its owners, Intu Properties, which holds 50% of the asset together with the Nuveen group, filed for bankruptcy in June.

Xanadú is Intu’s last property in Spain (it also owns the Intu Costa del Sol commercial project in Torremolinos) following the sale of its other commercial complexes, Puerto Venecia and Intu Asturias, a few months ago.

Read the full article in Spanish.

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