intu and TH Real Estate established a joint venture.

intu and TH Real Estate established a joint venture to own the Madrid Xanadú shopping centre in Spain. Financial terms were not disclosed. David Fischel, intu Chief executive, commented: “We are pleased to announce our new partnership with TH Real Estate and we look forward to working together on a number of compelling active management opportunities to enhance and strengthen Madrid Xanadú’s market position and offering.”