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Intu negotiates sale of its Spanish shopping centres for €400M
20 September 2019 | Ana Tavares

Intu Properties is selling its shopping centres (Intu Asturias and Puerto Venecia) to ECE and Generali for more than 400 million euro.

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The British company follows in this way its strategy to divest on its Spanish shopping centres in order to reduce its debt, after having closed last year with 1.351 million euro in losses.

According to Expansión, which reported the news, the company is still looking for a buyer for Intu Xanadú, in Madrid.