Intu Properties is a specialist real estate company, listed both in SA and the UK. The bulk of the company’s assets consists of shopping centres located within most of the major urban nodes in the UK. With this large national footprint, Intu owns nine of the UK’s top 20 shopping centres. Three of the centres make up half of the portfolio value, with Intu Trafford Centre in Manchester the most dominant, representing close to a quarter of the portfolio value.Intu has recently added Spain to its geographical exposure. The company already owns a 50% stake in three of the top 10 malls in Spain, the most recent addition being a stake in Madrid Xanadú, a 153,000m² shopping and entertainment centre. Intu is expanding its exposure to the country, with construction of Intu Costa del Sol, a 175,000m² shopping centre destination in Malaga (similar to its Puerto Venecia asset in Zaragoza) due to start before the end of 2017. Besides Malaga, management has development plans for additional sites i...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.