Intu sells 50% share of Xanadú shopping centre in €400m deal
Deal News | Feb 27, 2025 | Iberian Lawyer
Intu Properties, a British shopping centre company, has sold its 50% stake in the Xanadú shopping centre located in Spain. This transaction, valued at over €400 million, involved RIVOLI Asset Management and Santander Private Banking Real Estate Advisory (SPREA) as the purchasers. Legal advice for Intu was provided by the prestigious law firm Linklaters, with a team led by Adolfo Guerrero, including support from experts in tax and banking. West Oak Partners also played a pivotal advisory role in the deal. This sale signifies Intu's final move to exit their shopping centre investments in Spain.
Sectors
- Real Estate
- Legal Services
- Finance
Geography
- Spain – The Xanadú shopping centre is located in Spain, and the transaction marks the end of Intu Properties' business in the country.
- United Kingdom – Intu Properties is a British company.
Industry
- Real Estate – The transaction involves the sale of a shopping centre, which is a real estate asset.
- Legal Services – Linklaters provided legal advisory services to Intu Properties during the sale.
- Finance – The deal involved financial entities like RIVOLI Asset Management and Santander Private Banking Real Estate Advisory.
Financials
- €400 million – The transaction value of the sale of 50% interest in the Xanadú shopping centre.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Intu Properties | Target company | Company | A British company that owned 50% of the Xanadú shopping centre. |
| RIVOLI Asset Management | Bidding Company | Company | One of the purchasers of the 50% stake in the Xanadú shopping centre. |
| Santander Private Banking Real Estate Advisory (SPREA) | Bidding Company | Company | A co-purchaser in the acquisition of the Xanadú shopping centre stake. |
| Linklaters | Legal advisor | Company | Provided legal advisory for Intu Properties during the sale. |
| West Oak Partners | Financial advisor | Company | Advised Intu Properties on the transaction. |
| Adolfo Guerrero | Lead Legal Advisor | Person | Led the Linklaters team advising Intu Properties. |