Reuters logo
BRIEF-Intu to acquire Xanadú Shopping Centre in Spain for 530 mln euros
March 10, 2017 / 4:39 PM / 9 months ago

BRIEF-Intu to acquire Xanadú Shopping Centre in Spain for 530 mln euros

March 10 (Reuters) - Intu Properties Plc:

* To acquire Xanadú shopping centre in Madrid, Spain for a total cash consideration of 530 mln euros

* A 263 mln euros five year term loan with Santander, BBVA, Credit Agricole and Caixabank has been secured on asset

* All-In cost of debt estimated to be around 2.0 per cent.

* Balance of consideration will be met from Intu’s existing resources

* Acquisition is expected to be earnings accretive Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below