Radar > 244809

Intu finalizing acquisition of Madrid Xanadú for EUR 500m

Intu ultima la compra de Madrid Xanadú por EUR 500m

Intel ID : 244809
Synopsis

Intu Properties, a UK-based developer, is close to finalizing the acquisition of the Madrid Xanadú shopping center, owned by Canada-based Ivanhoé Cambridge, reported Expansión on 31 January 2017, citing market sources.

According to the report, Intu may have won the bid for the acquisition of the center, whose value would be around EUR 500m, making it the most expensive shopping center transaction in Spain.

Madrid Xanadú has the largest indoor ski area in Europe, with a track of around 18,000 m2. The shopping center has a total area of around 180,000 m2, with around 10,000 parking spaces, 220 shops and a wide range of leisure activities.
(content in spanish)

Intu Properties, promotora británica, podría estar ultimando la compra del centro comercial Madrid Xanadú propiedad de la empresa canadiense Ivanhoé Cambridge, según ha informado Expansión el 31 de enero de 2017, citando a fuentes del mercado.

Según lo publicado, Intu habría vencido en la puja por la adquisición del centro, cuyo valor rondaría los EUR 500m, convirtiéndola en la operación de centros comerciales más cara de España.

Madrid Xanadú dispone la cubierta de esquí interior más grande de Europa, con cerca de 18.000 m2 de pista. El centro comercial tiene una superficie total próxima a los 180.000 m2, con cerca de 10.000 plazas de párking, 220 tiendas y con una amplia oferta de ocio.

Intel ID 244809
Value EUR 500,00m
Native Currency Euro (EUR)
Financial Data - Centro Comercial Xanadú
(31 Dec 2023)
Revenue: EUR 36,03m
EBITDA: EUR 23,34m
Net Debt: EUR 227,22m
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
potential
Subsector (Old TTR Sectors)
Real Estate and Construction / Real Estate (Primary)
Primary Sector (TTRSC)
25.03.01 Real Estate Development & Operating Companies
25 Financial Services / 25.03 Real Estate

Country
Description

Target

Name
potential
Subsector (Old TTR Sectors)
Real Estate and Construction / Real Estate (Primary)
Services and Distribution / Distribution and Retail
Primary Sector (TTRSC)
25.03.01 Real Estate Development & Operating Companies
25 Financial Services / 25.03 Real Estate

Country
Website
Description

Seller

Name
potential
Subsector (Old TTR Sectors)
Real Estate and Construction / Real Estate (Primary)
Primary Sector (TTRSC)
25.03.03 Real Estate Services
25 Financial Services / 25.03 Real Estate

Country
Website
Description

Ultimate Owner (Seller)

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.01 Asset Management
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.