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ZARAGOZA PROPERTIES

Real estate company that through its subsidiary Puerto Venecia, owns one single property, Spain's largest shopping complex (according to lettable area), "Puerto Venecia Shopping Resort", located in Zaragoza.

SOCIAL OBJECT

The Company's corporate purpose:

A

The acquisition and development of urban real estate land for lease. Promotional activity includes the rehabilitation of buildings in the terms established by the Law 37/1992 of December 28, the value added tax, as may be amended from time to time.

B

The holding of shares in the capital of other Listed Investment Companies in the Property Market or in other non-residential entities in Spanish territory that have the same corporate purpose and which are subject to a similar set of rules for Listed Investment Companies in the Property Market in terms of mandatory, legal or statutory policy, profit distribution.

C

The holding of shares in the capital of other entities, residents or not in Spanish territory, whose primary purpose is the acquisition of urban real estate land for lease and are subject to the same regime for Listed Investment Companies in the housing market in terms of mandatory policy, legal or statutory, of distribution of benefits and comply with the investment requirements concerning the Law 11/2009, of 26 October, where Listed Investment Companies in real estate are regulated (hereinafter, as it is modified from time to time, the "Law 11/2009").

The entities that this letter c) refers may not have shares in the capital of other entities. Shares representing the capital of these entities must be registered and all of its capital must belong to other Listed Investment Companies in real estate or non-residents entities as the letter b) refers.

D

The holding of shares or units of Collective Investment in Real Estate regulated in Law 35/2003 of 4 November, on Collective Investment Institutions.


Additionally, the Company may develop other ancillary activities, understood as those whose incomes collectively account for less than twenty percent (20%) of the revenues of the Company in each tax period (including, without limitation, various real estate operations mentioned in paragraphs a) to d) above), or those which may be regarded as ancillary in accordance with the law applicable at all times."

Download "Final Prospectus"

RELEVANT FACTS

Change the registered office 11/09/2018
Partial cancelation of the facility agreement that was granted by the majority shareholder intu Zaragoza Holding, Sarl. 25/07/2018
Significant participations and also from the directors 05/07/2018
Resolutions adopted by the General Meeting of Shareholders held on today 25/06/2018
Call for a General Ordinary Meeting of Shareholders 20/06/2018
Call for a General Ordinary Meeting of Shareholders 25/05/2018
Signed an agreement for the amendment and restatement of the facility agreement existing for the principal amount of EUR 225 million 06/04/2018
Resolutions adopted by the Extraordinary Universal Shareholders Meeting 29/03/2018
Update of the investment properties valuation by Cushman & Wakefiel as at 31 December 2017 28/02/2018
Significant participations on 31 December 2017. 09/01/2018
Resolutions adopted by the General Extraordinary Meeting of Shareholders 06/11/2017
Call an Extraordinary General Meeting of Shareholders 04/10/2017
Significant parts at 30 June 2017 06/07/2017
Resolutions adopted by the General Meeting of Shareholders 20/06/2017
Call an Ordinary General Meeting of Shareholders 18/05/2017
Share purchase made by a Director 03/03/2017
Dissemination of the shares in order to fulfill the dissemination requirements 01/03/2017
Correct the valuation of the investment properties at 30 June 2016 published in previous relevant facts 20/02/2017
Update the valuation of the investment properties made by Cushman & Wakefield 10/02/2017
Estimated diffusion of shares for the purpose of fulfilling the diffusion requirement 17/01/2017
Significant parts at 31 December 2016. 09/01/2017
Demerger of Renta 4 Sociedad de Valores, S.A. The new liquidity provider is Renta 4 Banco, S.A. 17/10/2016
Relevant Fact - Valuation of the investment properties 01/08/2016
Relevant Fact - Significant Part 05/07/2016
Relevant Fact 24/06/2016
Relevant Fact - Code of Conduct Approved 06/06/2016
Relevant Fact 23/05/2016
Relevant Fact 28/04/2016
Relevant Fact - Significant Part 07/01/2016
Relevant Fact - Change of Registered Office 24/12/2015
Relevant Fact 15/10/2015
Relevant Fact 30/09/2015
Relevant Fact 17/09/2015

FINANCIAL INFORMATION

2017

2016

2015

2017 Financial Information. 24/10/2017
Financial information 1st semester 2017. 24/10/2017
Consolidated and Individual Annual Financial Information for the year 2016 and Organizational Structure and Internal Control Report. 24/04/2017
Interim Consolidated Financial Statements at 30 June 2016. 17/10/2016
Interim Financial Report for period 1 January 2015 to 30 June 2015 29/09/2015

PROPERTY DESCRIPTION

Acquired January 2015
Acquisition Price €451.0m
Net Rental Income €22.4m
Size 200,000 sq m
Footfall 18m
Occupancy 95%
Debt €225m 7 year term loan to 2020

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BOARD OF DIRECTORS

D. Martin Richard Breeden

D. Martin Richard Breeden

President

Martin Breeden joined the Group in 2002 and has worked on almost all of Intu's assets at various times. He has been responsible for Intu's Spanish business since it's inception, including the acquisition of Puerto Venecia and intu Asturias.

In addition, he is responsible for intu's UK development projects. Martin has over 25 years experience in the retail property industry and has previously worked for MEPC and Jones Lang LaSalle, the latter including four years in Spain.

Martin is a Fellow of the Royal Institution of Chartered Surveyors and a member of the advisory panel of the British Council of Shopping Centres.

Nick John Viner Hodson

Alejandro Barbany Fernandez

Director

Alejandro Barbany Fernandez as a new member of the Board of Directors. Mr. Alejandro Barbany has joined to Intu Group in Spain as Managing Director of Intu Management Spain, S.L. (a company which provides services of administration, asset management and development project of the Company) on 10 July 2017. Until then, he was National Director of Retail in CBRE Spain, job held since 2007. Graduate in Business Administration and with a MBA both in ESADE (Barcelona) he joined to CBRE in 1999. He has member of the Steering Committee of CBRE Spain as well as of the Executive Strategic Group of Retail at European Level until their incorporation in Intu.

José Urrutia del Pozo

Jorge González Navarro

Counselor

Jorge González Navarro as a new member of the Board of Directors. Mr. Jorge González Navarro has joined to Intu Group in Spain in January 2016 as Chief Financial Officer of Intu Management Spain, S.L. (a company which provides services of administration, asset management and development project of the Company). Graduate in Business Administration by the University of Valencia, he has a postgraduate master in General Management by the IESE Business School and he has participated in a program of Real Estate Management, Finance, Design and Leadership by the Harvard Business School. In addition, he practices as Associate Professor in University Pontificia of Comillas ICAI-ICADE. Until then, he was the Chief Financial Officer of GE Capital, job held since 2007.