Intu completes Puerto Venecia deal (ES)

Intu completes Puerto Venecia deal (ES)

Following the announcement on 20 December 2019, intu properties plc has now completed the sale of its interest in the intu Puerto Venecia shopping centre to Generali Shopping Centre Fund S.C.S. SICAV-SIF and Union Investment Real Estate GMBH. With around 19 million visitors a year, Puerto Venecia is one of the top 5 shopping destinations in Spain. The the transaction includes a shopping centre with 193 shops and a retail park. The total rental area amounts to around 120,000m².

 

Matthew Roberts, chief executive of intu, commented: "We are pleased to have successfully concluded this transaction which is another important step in our ultimate strategic objective to fix the balance sheet over the medium term."

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