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intu Xanadú will invest €60M in its refurbishment
04 November 2019 | Observatorio Inmobiliario

intu España’s CEO Álex Barbany presented the Project for intu Xanadú’s refurbishment which will represent a 60 million investment and which seeks to «set a before and after for commercial and leisure assets».

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18 million euro will be directly invested in the refurbishment of the food-court, Snow Zone and other common areas. The remaining 42 million euro will be used for joint investments with the operators in remodelling shops. The process will be finished by the Fall of 2020.

«Our project is cross-sectional and long-term. Through it we aspire to become the reference leisure and shopping destination in Madrid», assured Barbany.

This refurbishment follows the deep strategic transformation which has taken place since the asset was acquired from British group intu, in March 2017.