Intu Properties is planning to invest $770m in Spain over the next seven years. The company, which owns of several UK shopping malls, intends to follow the same model it uses on the UK market and targeting large shopping malls and big retail brands. Intu Properties acquired its first mall in Spain, Parque Principado in Asturias, two years ago and has plans to develop its own new centers in the future. Intu Properties was founded in 1980 as Liberty International. It owns or co-owns 18 of Britain’s biggest regional shopping malls.
