Intu Puerto Venecia shopping centre, which was jointly owned by Intu Properties plc and Canada Pension Plan Investment Board, was sold to Generali Shopping Centre Fund and Union Investment Real Estate. Intu’s share of the sale is €237.7m.
Intu will use the net proceeds to repay debt with the transaction reducing loan to value by about 1%.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: