Intu properties plc (‘intu’) announces that it has exchanged and completed contracts with entities of the Ivanhoé Cambridge Group to acquire Xanadú shopping centre in Madrid, Spain, along with its associated management company and the SnowZone operating company, for a total cash consideration of €530 million, before working capital and other adjustments.

Last month Credit Agricole Indosuez donated one of its buildings to the CIDA City Campus, a virtually free tertiary education facility for people from previously-disadvantaged backgrounds